ZEEL Auditor Certifies ₹758 Crore Warrant Allotment Compliance

Date: August 31, 2026

The company has completed a preferential issue of 2,40,59,266 fully convertible warrants to Sunbright Mauritius Investments Limited (SMIL), a promoter group entity
The warrant allotment was approved by the Board of Directors in their meeting held on July 1, 2026
Shareholders approved the issuance through a special resolution passed in the Extraordinary General Meeting held on July 31, 2026
The final allotment of warrants was approved by the Board of Directors in their meeting held on August 27, 2026

Total warrants allotted: 2,40,59,266 fully convertible warrants
Price per warrant: ₹126 (comprising Subscription price of ₹31.50 and Exercise price of ₹94.50)
Total consideration received: ₹75,78,66,879 (upfront consideration for subscription price of ₹31.50 per warrant, representing 25% of total warrant issue price)
Allottee: Sunbright Mauritius Investments Limited (Promoter Group Entity)
Funds received from Allottee's bank account: SBM Bank (Mauritius) Ltd
Funds received in Company's bank account: ICICI Bank Limited (Account details: ABKCS2544P)
Date of receipt confirmation: August 28, 2026