Key Quantitative Figures

  • Preferential Issue Size: Up to 2,00,00,000 (Two Crore) Convertible Equity Warrants
  • Issue Price: ₹15 per warrant
  • Total Fundraise: ₹30,00,00,000 (Thirty Crore)
  • Allotment Breakdown:
  • Viswanath Kompella (Promoter): 1,50,00,000 warrants
  • IT Peer Technologies LLC (Public): 50,00,000 warrants

Dates of Action

  • Board Meeting Date: November 10, 2026 (7:30 PM to 8:00 PM)
  • EGM Date: December 10, 2026 at 3:30 PM (through OAVM/VC)
  • Cut-off Date for EGM Eligibility: December 03, 2026
  • Remote E-voting Period: December 07, 2026 (9:00 AM IST) to December 09, 2026 (5:00 PM IST)

Parties Involved

  • Proposed Allottees: Viswanath Kompella (Promoter), IT Peer Technologies LLC (Public)
  • Regulatory Authorities: BSE Limited, National Stock Exchange of India Limited, SEBI
  • Service Provider: CDSL (for e-voting services)

Purpose/Rationale

Raising funds through preferential allotment of convertible equity warrants to promoter and non-promoter entities.

Capital Structure Impact

  • Current Paid-up Capital: 11,27,07,372 equity shares
  • Post-issue Paid-up Capital: 14,60,46,896 equity shares (including pending warrants of 1,33,39,524)
  • Shareholding Pattern Change:
  • Promoters & Promoter Group: Increases from 39.46% (4,44,75,538 shares) to 47.60% (6,95,25,538 shares)
  • Public Holding: Decreases from 60.54% (6,82,31,834 shares) to 52.40% (7,65,21,358 shares)

Warrant Terms

  • Tenure: 18 months from date of allotment
  • Conversion: Each warrant convertible into 1 equity share of face value ₹10
  • Exercise: Rights can be exercised in one or more tranches within 18 months
  • Lapse Provision: Unexercised warrants after 18 months shall lapse, and paid amount shall be forfeited

Approval Requirements

Subject to approval of members at Extraordinary General Meeting (EGM No. 01/2026-2027) and other necessary regulatory/statutory approvals.

Additional Information

  • The company will hold the EGM through OAVM/VC
  • Notice of EGM will be sent to stock exchanges and shareholders
  • Financial results for quarter and half year ended September 30, 2026 were approved (unaudited standalone and consolidated)