Summary of Key Information:

Reporting Period (Quarter/Year): Not Applicable

Nature of Filing / Announcement: Outcome of Board Meeting - Preferential Issue Modification

Audit Opinion:

Not Specified

Key Financial Highlights:

Not Specified

Corporate Actions:

The Board of Directors approved a modification to the preferential issue of equity shares originally approved on September 1, 2026:

  • Preferential Issue Details: Issue of up to 28,09,70,000 equity shares of face value ₹1 each at ₹2.60 per share (including premium of ₹1.60 per share)
  • Total Issue Amount: Approximately ₹73.05 crore (based on maximum shares)
  • Reason for Modification: Certain proposed allottees were disqualified under Regulation 159 and 167 of SEBI (ICDR) Regulations, 2018

Disqualified Allottees (Table 1):

  • Mahendra Kumar Kawad And Alka Kawad (Belong To Reliable Solution - Partnership Firm): 2,00,00,000 shares
  • Sanjay Thakur And Niranjan Jadhav (Belong To Kusum Infrastructure - Partnership Firm): 1,00,00,000 shares
  • Shyam Goenka: 50,00,000 shares
  • Dhananjay Tikariha: 40,00,000 shares
  • Manoram Agencies Dealers Private Limited: 25,00,000 shares
  • Sanyog Finlease Private Limited: 20,00,000 shares
  • Vidhya Sagar Loya: 12,50,000 shares
  • Paramjeet Singh Makani: 10,00,000 shares
  • Total Disqualified Shares: 5,07,50,000 shares

New Allottees (Table 2):

  • Ashish Kacholia: 3,20,00,000 shares
  • Gautam Udani: 45,00,000 shares
  • Prashant Sanghvi: 25,00,000 shares
  • Farah Shapur Dilkhush: 25,00,000 shares
  • Nikesh K Shah Jointly with Falguni N Shah: 15,00,000 shares
  • Smriti Amar Hemrajani: 15,00,000 shares
  • Anand Loya: 12,50,000 shares
  • Mitul Prafulbhai Mehta: 9,50,000 shares
  • Heetaben Amar Maurya: 9,50,000 shares
  • Manan Khemka: 5,00,000 shares
  • Ronak Dharmesh Chavda: 5,00,000 shares
  • Incipience Dealers LLP: 5,00,000 shares
  • Yash Manoj Bajaj: 4,00,000 shares
  • Mr. Prakshal Jain (belong to Ascendra Investments Partnership Firm): 4,00,000 shares
  • Manoj S Bajaj: 4,00,000 shares
  • Kanta Anil Jain: 4,00,000 shares
  • Total Replacement Shares: 5,07,50,000 shares

Complete Allottee List (Schedule A) - Promoters:

  • Sanjay Chowdhri (Promoter): 5,50,00,000 shares (₹14.30 crore investment)
  • Abhinav Chowdhri (Promoter): 50,00,000 shares (₹1.30 crore investment)
  • Pranav Chowdhri (Promoter): 50,00,000 shares (₹1.30 crore investment)
  • Lalita Chowdhri (Promoter): 50,00,000 shares (₹1.30 crore investment)

Key Non-Promoter Allottees:

  • Ashish Kacholia: 3,20,00,000 shares (₹8.32 crore investment)
  • KUNJANA . DEDHIA: 2,25,00,000 shares (₹5.85 crore investment)
  • ANIL V. DEDHIA: 1,25,00,000 shares (₹3.25 crore investment)
  • SCM INDIA PVT LTD: 1,00,00,000 shares (₹2.60 crore investment)
  • AISHA INFRA LLP: 80,00,000 shares (₹2.08 crore investment)
  • KUSHAL JAYESH KHANDWALA: 80,00,000 shares (₹2.08 crore investment)

Important Notes:

  • All other particulars including issue size, issue price, maximum number of equity shares remain unchanged
  • There is no change in terms for Convertible Warrants as disclosed in September 1, 2026 outcome
  • Total of 79 investors participating in the preferential issue

Other Significant Information:

  • The preferential issue is subject to shareholder approval
  • Issue price determined in accordance with SEBI ICDR Regulations