The Board of Directors approved the allotment via resolution passed by circulation on August 6, 2026. This approval was based on a Special Resolution passed by members at the Extra-ordinary General Meeting held on July 15, 2026, and the in-principle approval granted by BSE Limited vide its letter dated July 31, 2026.

Allotment Details

  • Equity Shares: 12,62,131 (Twelve Lakhs Sixty-Two Thousand One Hundred and Thirty-One) equity shares of face value ₹5 each were allotted.
  • Equity Warrants: 8,32,177 (Eight Lakhs Thirty-Two Thousand One Hundred and Seventy-Seven) equity warrants were allotted, each convertible into one fully paid-up equity share.
  • Issue Price: ₹721 per security (₹5 face value + ₹716 premium).
  • Total Proceeds: ₹150,99,96,068 (One Hundred and Fifty Crores Ninety-Nine Lakhs Ninety-Six Thousand and Sixty-Eight Only).
  • Allottee Category: All 13 allottees belong to the non-promoter category.

Warrant Conversion Terms

Each warrant is convertible into one equity share within 18 months from the date of allotment. Conversion requires payment of the balance consideration of ₹721 per warrant (75% of issue price), as 25% was paid at application.

Investor Breakdown (Annexure B)

The subscription outcome was ₹105,99,96,355.25 across 13 investors.

Equity Share Allottees (Total: 12,62,131 shares for ₹90,99,96,451):

1. ValueQues India G.I.F.T Fund (FPI Category I): 4,02,219 shares (₹28,99,99,899)

2. Whiteoak Capital India Opportunities Fund (Alternate Equity Fund Category II): 3,25,936 shares (₹23,49,99,856)

3. Motilal Oswal Financial Services Limited (Body Corporate): 2,08,044 shares (₹14,99,99,724)

4. Whiteoak Capital Equity Fund (Alternate Equity Fund Category III): 76,282 shares (₹5,49,99,322)

5. Calliope Capital Advisors LLP (Body Corporate): 69,348 shares (₹4,99,99,908)

6. Ashika Global Finance Private Limited (Body Corporate): 27,739 shares (₹1,99,99,819)

7. Anantroop Financial Advisory Services Private Limited (Body Corporate): 13,869 shares (₹99,99,549)

8. Umang Mahendra Shah (Individual): 69,348 shares (₹4,99,99,908)

9. Jignesh Vijay Shah (Individual): 27,739 shares (₹1,99,99,819)

10. Ramita Jain Nevatia (Individual): 27,739 shares (₹1,99,99,819)

11. Anuj Arora (Individual): 6,934 shares (₹49,99,414)

12. Bharvi Dharamsi Chandan (Individual): 6,934 shares (₹49,99,414)

Equity Warrant Allottee (Total: 8,32,177 warrants for ₹14,99,99,904.25):

1. Malabar India Fund Limited (FPI Category I): 8,32,177 warrants (₹14,99,99,904.25)