This is a clarification disclosure submitted to BSE Limited in response to the company's earlier intimation dated 04 August 2026, filed under SEBI Listing Obligations and Disclosure Requirements Regulation 30.
The company had allotted 1,67,00,000 (One Crore Sixty Seven Lakh) convertible warrants on a preferential basis on 04 February 2025. The allotment was made in compliance with the Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Out of the total allotted warrants, 31,97,500 (Thirty-One Lakh Ninety-Seven Thousand Five Hundred) convertible warrants were not exercised by the respective warrant holders within the stipulated 18-month conversion period from the date of allotment (04 February 2025). These warrants consequently lapsed upon expiry of the conversion period.
In accordance with the terms of issue and SEBI ICDR Regulations, the upfront subscription amount received at the time of allotment for these lapsed warrants has been forfeited by the company.
The company clarifies that the remaining convertible warrants (approximately 1,35,02,500 warrants) were duly exercised and converted into equity shares within the prescribed time period. This successful conversion included warrants held by the Promoter and Promoter Group, who paid the balance consideration as required under applicable regulations.
The clarification was issued to prevent ambiguity from the earlier disclosure and provide complete information to the stock exchange and shareholders.
The document was digitally signed by Shikha Kataria, Company Secretary & Compliance Officer, on 05 August 2026.