Key Transaction Details

The Board of Directors of the Company, vide a resolution passed by circulation on October 29, 2026, allotted 93,12,364 Equity Shares of face value ₹10/- each. This allotment was made pursuant to the conversion of 93,12,364 warrants which were originally issued at an issue price of ₹31.41 each. The aggregate consideration received for the conversion amounted to ₹29,25,01,353.24 (Rupees Twenty-Nine Crore Twenty-Five Lakh One Thousand Three Hundred Fifty-Three and Paise Twenty-Four Only).

The warrants had been allotted on May 16, 2025 at an issue price of ₹31.41 per warrant. The entire consideration amount has been received and there are no outstanding warrants as of October 29, 2026.

The resultant equity shares shall rank pari-passu with the existing equity shares of the Company.

Capital Structure Impact

Consequent to the allotment, the paid-up equity share capital of the Company has changed as follows:

  • Before Allotment: ₹11,31,95,810 (comprising 1,13,19,581 equity shares of face value ₹10/- each)
  • After Allotment: ₹20,63,19,450 (comprising 2,06,31,945 equity shares of face value ₹10/- each)

Allottee Details

The allotment was made to 5 allottees, with significant changes in their categorization:

1. Arvinder Singh Pasricha:

  • Originally categorized as "Public" at warrant allotment (May 16, 2025)
  • Now categorized as "Promoter" at conversion
  • Allotted 27,95,502 equity shares
  • Post-issue holding: 57,32,218 shares (27.78%)

2. Aman Pasricha Balsara:

  • Originally categorized as "Public" at warrant allotment
  • Now categorized as "Promoter" at conversion
  • Allotted 27,95,502 equity shares
  • Post-issue holding: 47,46,153 shares (23.00%)

3. Goonmeet Singh Chauhan:

  • Categorized as "Public" both at warrant allotment and conversion
  • Allotted 23,46,901 equity shares
  • Post-issue holding: 23,46,901 shares (11.38%)

4. Vinay Kumar Singh:

  • Categorized as "Public" both at warrant allotment and conversion
  • Allotted 11,73,451 equity shares
  • Post-issue holding: 11,73,451 shares (5.69%)

5. VNAM Advisors LLP:

  • Categorized as "Public" both at warrant allotment and conversion
  • Allotted 2,01,008 equity shares
  • Post-issue holding: 2,01,008 shares (0.97%)

Additional Information

  • No cancellation or termination of the proposal for issuance of securities occurred
  • The company's CIN is L85110DL1948PLC465696
  • The disclosure was signed by Shobha Joshi, Company Secretary and Compliance Officer, on October 29, 2026