Key Quantitative Figures

  • The company had issued and allotted 64,85,000 Convertible Warrants of ₹10 each at a premium of ₹112.50 each, amounting to ₹79,44,12,500 total issue size.
  • Received 25% amount of ₹19,86,03,125 initially.
  • During Q4 FY26 (ended March 31, 2026), converted 19,85,000 warrants into equity shares upon receipt of balance 75% amount of ₹18,23,71,875.
  • As of July 1, 2026, unutilized amount of ₹3,31,20,295 was available for utilization during Q2 FY27 (July-September 2026).
  • No funds were raised during the quarter ended September 30, 2026.
  • Current outstanding Convertible Warrants: 45,00,000 (from original 64,85,000).

Dates of Action

  • Warrant issue and allotment date: November 25, 2025
  • Warrant conversion date: March 23, 2026
  • 41st AGM date: September 22, 2026 (where shareholders approved altered fund utilization)
  • Audit Committee review date: November 5, 2026
  • Reporting quarter: July-September 2026 (Q2 FY27)

Parties Involved

  • Issuer: Fundviser Capital (India) Limited
  • Regulatory recipient: BSE Limited
  • Warrant holders: One Promoter/Promoter Group holder and seven Non-Promoter holders
  • Subsidiaries mentioned: DARS Transtrade Private Limited, New India Re & Infra LLP, Starlight Box Theatres Private Limited, Silver Sage Trading LLC (Wholly-Owned Foreign Subsidiary in Dubai, UAE)

Purpose and Rationale

The preferential issue was made for making investments, meeting long-term funding requirements, working capital, general corporate purposes, and supporting the company's future growth plan.

Financial and Operational Impact

No deviation or variation in the use of proceeds as altered by shareholders in the 41st AGM. The Audit Committee reviewed the statement and offered no comments.

Fund Utilization Details (as per altered shareholder approval)

  • Investment in DARS Transtrade Private Limited:
  • Original allocation: ₹45,00,00,000
  • Modified allocation: ₹13,73,70,295
  • Utilized till September 30, 2026: ₹13,73,70,295
  • Investment in New India Re & Infra LLP:
  • Original allocation: ₹12,50,00,000
  • Modified allocation: ₹12,50,00,000 (no modification)
  • Utilized till September 30, 2026: ₹8,90,00,000
  • Investment in Starlight Box Theatres Private Limited:
  • Original allocation: ₹12,50,00,000
  • Modified allocation: ₹5,15,09,705
  • Utilized till September 30, 2026: ₹5,15,09,705
  • Investment in Silver Sage Trading LLC:
  • Original allocation: Nil
  • Modified allocation: ₹23,00,00,000
  • Utilized till September 30, 2026: Nil
  • General corporate purposes (investments, long-term funding, working capital):
  • Original allocation: ₹9,44,12,500
  • Modified allocation: ₹25,05,32,500
  • Utilized till September 30, 2026: ₹10,30,95,000

Total Fund Allocation and Utilization

  • Total issue amount: ₹79,44,12,500
  • Total modified allocation: ₹79,44,12,500
  • Total utilized till September 30, 2026: ₹38,09,75,000
  • No deviation/variation reported for the quarter

Capital Structure Impact

The conversion of 19,85,000 warrants into equity shares resulted in dilution and change in shareholding pattern, with 45,00,000 warrants remaining outstanding.

Submission Details

Submitted to BSE Limited on November 5, 2026 via online submission, requesting the exchange to place the information on their electronic media for member information.