Background and Previous Intimation
This disclosure is in furtherance to the company's earlier intimation dated September 11, 2025, regarding the preferential allotment of 15,00,000 fully convertible warrants of ₹10 each at an issue price of ₹124 per warrant to Mr. Tati Sai Teja. The allotment was made in accordance with Chapter V of SEBI ICDR Regulations and Companies Act, 2013 provisions.
Financial Details of Warrant Allotment
At the time of original warrant allotment, the company received 25% of the total consideration amounting to ₹4,65,00,000 (₹31 per warrant). Subsequently, the company received the remaining 75% of consideration amounting to ₹7,44,00,000 (₹93 per warrant) upon exercise of conversion for 8,00,000 warrants.
Current Conversion Details
The Board of Directors approved via circular resolution on July 7, 2026, the allotment of 8,00,000 equity shares of face value ₹10 each at an issue price of ₹124 per share (including premium of ₹114 per share). The total proceeds amount to ₹9,92,00,000. The conversion ratio is 1:1 (one equity share for every warrant exercised).
Allottee Information
The allottee is Mr. Tati Sai Teja, who belongs to the Promoter category. Only one investor is involved in this transaction.
Capital Structure Impact
The conversion results in issuance of 8,00,000 new equity shares to a promoter, increasing the company's equity capital and promoter holding percentage.
Annexure Details
The annexure provides specific details as required under Schedule III including:
- Type of issuance: Preferential Allotment by conversion of Convertible Warrants into Equity
- Investor name: Mr. Tati Sai Teja
- Allotment outcome: 8,00,000 equity shares at ₹124 per share aggregating ₹9,92,00,000
- Conversion details: 8,00,000 warrants converted into 8,00,000 equity shares
- Number of investors: 1