Date: 12-11-2026

Shareholding Pattern Changes (Preferential Issue)

The annexure provides detailed shareholding pattern before and after the preferential issue:

Pre-Preferential Issue (Total: 2,64,18,260 shares, 100%):

  • Promoter Holding: 1,65,69,636 shares (62.72%)
  • Indian Individual: 49,01,840 shares (18.55%)
  • Bodies Corporate: 1,16,67,796 shares (44.17%)
  • Non-Promoter Holding: 98,48,624 shares (37.28%)
  • Institutional Investor: 8,29,142 shares (3.14%)
  • Individual: 76,37,984 shares (28.91%)
  • Bodies Corporate: 6,16,840 shares (2.34%)
  • Others: 7,64,658 shares (2.89%)

Post-Preferential Issue (Total: 3,68,15,160 shares, 100%):

  • Promoter Holding: 2,05,69,636 shares (55.87%)
  • Indian Individual: 49,01,840 shares (13.31%)
  • Bodies Corporate: 1,56,67,796 shares (42.56%)
  • Non-Promoter Holding: 1,62,45,524 shares (44.13%)
  • Institutional Investor: 35,24,142 shares (9.57%)
  • Individual: 1,00,44,884 shares (27.28%)
  • Bodies Corporate: 7,86,840 shares (2.14%)
  • Others: 18,89,658 shares (5.14%)

Preferential Allottee Details (Item No. 1)

Three main allottees for 43,56,673 shares (11.834% post-issue):

1. Clarus Capital I: Pre-issue 6,06,673 shares (2.296%), Post-issue 31,06,673 shares (8.439%)

2. Kritagyata Trust: Pre-issue 0 shares (0.000%), Post-issue 11,25,000 shares (3.056%)

3. Emerge Capital Opportunities Scheme: Pre-issue 0 shares (0.000%), Post-issue 1,25,000 shares (0.340%)

All three allottees maintain Non-Promoter status both currently and post-issue.

Preferential Allottee Details (Item No. 2 - Warrant Conversion)

Eighty-one allottees receiving 47,34,886 shares (12.861% post-issue):

Major allottees include:

  • Clarus Capital I: 31,06,673 shares (8.439%)
  • Anshvardhan Modi: 4,00,000 shares (1.087%)
  • Raghav Agarwal: 2,00,000 shares (0.543%)
  • AnnsO Capital Private Limited: 1,00,000 shares (0.272%)
  • Vineet Kaul: 1,00,000 shares (0.272%)
  • Hina Khan: 72,000 shares (0.196%)
  • RNR Wealth Management Private Limited: 70,000 shares (0.190%)
  • MS Capital India Fund 1: 1,81,500 shares (0.493%)
  • First Among Equals: 45,000 shares (0.122%)

All 81 allottees are classified as Non-Promoters both currently and post-issue.

Control and Management

There is no change in management or control of the Company pursuant to the preferential issue. All allottees maintain their Non-Promoter status post-issue.

Valuation Report

Valuation report dated September 24, 2026 is to be read with addendum dated October 19, 2026 issued by the registered valuer. The addendum confirms there is no change in the valuation report.

Weblinks provided:

  • Valuation report: https://www.swarajsuiting.com/uploads/notices/valuation-report-reg-166a-1-sebi-icdr-regu-2018-24-09-2026.pdf
  • Addendum: https://www.swarajsuiting.com/uploads/notices/addendum-to-the-valuation-report-19-10-2026.pdf