Date: September 29, 2026

Ownership & Market Activity Disclosure

The company received a disclosure from promoter Richard Francis Theknath on behalf of the promoter, promoter group, and Persons Acting in Concert (PACs) regarding changes in shareholding patterns.

Warrant Conversion Details

  • The Board of Directors approved the conversion of warrants into equity shares on September 25, 2026
  • 37,06,665 equity shares were allotted to three promoter group members:
  • Ms. Thea Richard Theknath: 12,35,555 shares (2.43%)
  • Mr. Tyrus Richard Theknath: 12,35,555 shares (2.43%)
  • Ms. Tyra Richard Theknath: 12,35,555 shares (2.43%)
  • Total acquisition represents 7.28% of voting capital
  • Mode of acquisition: Preferential Allotment

Shareholding Pattern Changes

Before Conversion:

  • Promoter group total holding: 2,36,26,488 shares (50.92% of voting capital)
  • Richard Francis Theknath: 1,08,48,452 shares (23.38%)
  • Dax Francis Theknath: 96,18,000 shares (20.73%)
  • Agnes Francis Theknath: 31,60,000 shares (6.81%)
  • Outstanding warrants: 3,74,27,694 (convertible to 44.52% additional equity)

After Conversion:

  • Promoter group direct holding increased to 2,73,33,153 shares (53.67% of voting capital)
  • Richard Francis Theknath: 1,08,48,452 shares (21.30%)
  • Dax Francis Theknath: 96,18,000 shares (18.89%)
  • Agnes Francis Theknath: 31,60,000 shares (6.21%)
  • The three new allottees now hold 12,35,555 shares each (2.43% each)
  • Remaining warrants: 1,85,33,335 (convertible to 22.11% additional equity)
  • Total diluted holding (including warrants): 54.70%

Capital Structure Impact

  • Equity share capital before acquisition: ₹23,20,18,920 (4,64,03,784 equity shares of ₹5 each)
  • Equity share capital after acquisition: ₹25,46,17,235 (5,09,23,447 equity shares of ₹5 each)
  • Total diluted share capital after acquisition: ₹41,91,57,390 (8,38,31,478 equity shares of ₹5 each)

Additional Details

  • 61,80,000 equity shares held by Dax Francis Theknath are pledged
  • The converted equity shares rank pari passu with existing shares regarding dividend, voting rights, and corporate benefits
  • The disclosure was made pursuant to SEBI Takeover Regulations Regulation 29(2)