Swastika Investmart Preferential Warrant Issue ₹57.59 Cr

Key Business to be Transacted

Special Business: Preferential Issue of Convertible Warrants

The EGM scheduled for Friday, 14th August, 2026 at 12:00 noon IST through Video Conferencing/OAVM will consider and approve the following special resolution:

Issuance of 90,50,000 warrants convertible into equivalent number of equity shares on preferential basis to promoter & promoter group and non-promoter/public category.

Financial Details

Total Issue Size: 90,50,000 warrants
Issue Price: ₹63.64 per warrant (₹2 face value + ₹61.64 premium)
Total Fund Raise: ₹57,59,42,000 (assuming full conversion)
Payment Terms: 25% payable on warrant allotment, balance 75% payable upon conversion
Conversion Period: Within 18 months from allotment date

Proposed Allottees and Allocation

| 1 | Mr. Sunil Nyati | Promoter | 5,75,000 | 3,65,93,000 |

| 2 | Mrs. Anita Nyati | Promoter Group | 5,75,000 | 3,65,93,000 |

| 3 | Mr. Parth Nyati | Promoter Group | 7,00,000 | 4,45,48,000 |

| 4 | Mr. Devashish Nyati | Promoter Group | 7,00,000 | 4,45,48,000 |

| 5 | Intelliquity Ventures LLP | Non-Promoter | 8,00,000 | 5,09,12,000 |

| 6 | Valueworth Advisors LLP | Non-Promoter | 12,00,000 | 7,63,68,000 |

| 7 | Mr. Ajay Popatlal Shah | Non-Promoter | 2,50,000 | 1,59,10,000 |

| 8 | Mr. Sumit Bhalotia | Non-Promoter | 5,75,000 | 3,65,93,000 |

| 9 | Anantroop Financial Advisory Services Pvt Ltd | Non-Promoter | 4,75,000 | 3,02,29,000 |

| 10 | Mr. Girish Paman Vanvari | Non-Promoter | 1,50,000 | 95,46,000 |

| 11 | Nik Comp Private Limited | Non-Promoter | 2,50,000 | 1,59,10,000 |

| 12 | Ms. Aradhana Rai Gupta | Non-Promoter | 2,75,000 | 1,75,01,000 |

| 13 | Value Plus Ventures LLP | Non-Promoter | 75,000 | 47,73,000 |

| 14 | Mr. Pradeep Kiradoo | Non-Promoter | 75,000 | 47,73,000 |

| 15 | Mr. Niranjan Lodha | Non-Promoter | 75,000 | 47,73,000 |

| 16 | Mr. Rajeev Lakhara | Non-Promoter | 2,00,000 | 1,27,28,000 |

| 17 | Mr. Prenita Dutt | Non-Promoter | 1,00,000 | 63,64,000 |

| 18 | Ms. Yogita Gandhi | Non-Promoter | 20,00,000 | 12,72,80,000 |

| Total | | | 90,50,000 | 57,59,42,000 |

Objects of the Issue

| Incremental Working Capital Requirement | 51,83,47,800 | 90% | 2 years from receipt |

| General Corporate Purpose | 5,75,94,200 | 10% | 2 years from receipt |

Pricing Rationale

Relevant Date: 15th July, 2026 (30 days prior to EGM date)
Minimum Price Calculation: Higher of 90-day VWAP (₹62.34) or 10-day VWAP (₹63.63)
Floor Price: ₹63.63 per warrant
Issue Price: ₹63.64 per warrant (above floor price)
Valuation Report: Obtained from independent registered valuer Mr. Rohit Khandelwal (IBBI Regd. No. IBBI/RV/03/2020/13235) confirming ₹63.63 per warrant

Shareholding Pattern Impact

Pre-Issue (Current):

Promoter Holding: 1,20,35,200 shares (59.88%)
Public Holding: 80,63,300 shares (40.12%)
Total Paid-up Capital: 2,00,98,500 shares

Post-Issue (Assuming full conversion):

Promoter Holding: 1,45,85,200 shares (50.04%)
Public Holding: 1,45,63,300 shares (49.96%)
Total Paid-up Capital: 2,91,48,500 shares
Promoter holding dilution: From 59.88% to 50.04%
No change in control of the company

Key Terms and Conditions

Warrants not tradable on stock exchange
No voting rights until conversion to equity shares
Equity shares arising from conversion will rank pari-passu with existing shares
Lock-in period as per SEBI ICDR Regulations
Allotment to be completed within 15 days of shareholder approval
Failure to convert within 18 months will result in forfeiture of amount paid

Voting Arrangements

Cut-off date for voting rights: 7th August, 2026
Remote e-voting period: 11th August (9:00 AM) to 13th August (5:00 PM) 2026
Scrutinizer: Ms. Darshika Wankhede, Practicing Company Secretary (ACS-79800)
Results to be declared within 48 hours of EGM conclusion

Document Availability

Notice available on company website (www.swastika.co.in), BSE website (www.bseindia.com), and CDSL website (www.evotingindia.com)