Key Transaction
Promoter Vivek Prannath Talwar converted 65,00,000 warrants into equity shares on July 23, 2026.
Shareholding Changes
Pre-Conversion Holding: 2,12,23,669 equity shares (8.82% of shareholding)
Conversion Details: 65,00,000 warrants converted to equity shares
Post-Conversion Holding: 2,77,27,734 equity shares (11.53% of shareholding)
Net Increase: 65,00,000 shares (2.71% stake increase)
Transaction Specifications
Transaction Type: Conversion of warrants
Transaction Value: ₹65,04,00,000 (excluding taxes/brokerage/other charges)
Payment Terms: 75% paid on conversion of warrants
Mode of Acquisition: Preferential Allotment
Exchange: Not applicable (off-market transaction)
Timeline
Date of Acquisition/Conversion: July 23, 2026
Date of Intimation to Company: July 23, 2026
Date of Disclosure to Exchange: July 24, 2026
Additional Information
The disclosure was signed by Kamal Abrol, Chief Financial Officer of Nitco Limited, and includes the requisite form as required by SEBI regulations. No derivatives trading was reported for the promoter.