Summary of Key Information:

Reporting Period: Not Applicable

Nature of Filing / Announcement: Revised Outcome of Board Meeting - Preferential Allotment

Audit Opinion:

Not Specified

Key Financial Highlights:

Capital Structure Changes:

  • Existing paid-up capital: 3,59,86,770 equity shares
  • Additional shares allotted: 17,43,399 equity shares
  • Post-allotment paid-up capital: 3,77,30,169 equity shares
  • Total consideration received: ₹9,41,43,546

Corporate Actions:

Preferential Allotment Details:

  • The Board approved allotment of 17,43,399 fully paid-up equity shares of face value ₹10 each
  • Shares allotted pursuant to conversion of convertible warrants issued on preferential basis
  • Original warrant issue date: January 17, 2025
  • Original warrant issue price: ₹216 per warrant
  • Each warrant convertible into one equity share upon payment of balance 75% of issue price
  • Warrant holders exercised conversion rights by paying balance amount of ₹162 per warrant

Bonus Adjustment:

  • Bonus issue approved by members on October 14, 2025 in ratio of 2:1
  • Warrant entitlement adjusted accordingly, resulting in additional 11,62,266 equity shares reserved for warrant holders
  • Total allotment comprises 5,81,133 shares from conversion and 11,62,266 bonus shares

Forfeiture Cases:

  • Mr. Manish Mehta and Mr. Vikram Kathuria did not exercise conversion rights within prescribed period
  • Their 25% warrant issue price deposit (₹54 per warrant) stands forfeited
  • Flightech Solutions Private Limited partially exercised warrants - allotted 63,333 shares, 11,667 warrants forfeited
  • SSNK Consultancy Services Private Limited partially exercised warrants - allotted 9,800 shares, 40,200 warrants forfeited

Allottee Details (14 investors):

1. Mr. Manish Grover: 50,000 warrants → 1,00,000 shares (including bonus)

2. Mr. Pankaj Passi: 10,000 warrants → 20,000 shares (including bonus)

3. Mr. Deepak Tayal: 20,000 warrants → 40,000 shares (including bonus)

4. Ms. Preeti Bhauka: 20,000 warrants → 40,000 shares (including bonus)

5. Sakshi Bhalla: 10,000 warrants → 20,000 shares (including bonus)

6. Ms. Ritu Bansal: 10,000 warrants → 20,000 shares (including bonus)

7. Ms. Rakesh Zambare: 10,000 warrants → 20,000 shares (including bonus)

8. SBJ Management Services Private Limited: 1,40,000 warrants → 2,80,000 shares (including bonus)

9. WCA Services Private Limited: 1,38,000 warrants → 2,76,000 shares (including bonus)

10. Flightech Solutions Private Limited: 75,000 warrants → 1,26,666 shares (including bonus, partial exercise)

11. Salhydrau Industries Pvt Ltd: 20,000 warrants → 40,000 shares (including bonus)

12. SSNK Consultancy Services Private Limited: 50,000 warrants → 19,600 shares (including bonus, partial exercise)

13. SRM Value Growth Investments Pvt. Ltd.: 50,000 warrants → 1,00,000 shares (including bonus)

14. 3 Dimension Capital Services Limited: 30,000 warrants → 60,000 shares (including bonus)

Other Significant Information:

  • Original board approval: September 26, 2024
  • EGM approval: October 23, 2024
  • Stock exchange in-principle approvals received
  • Company Secretary: Sakshi Tiwari (Membership No: ACS67056)
  • Company CIN: L43ZUUPNZUU9PLL L33004