Promoter and promoter group persons convert warrants, equity shares allotted on 30-09-2026

Equity shares have been allotted to promoter and promoter group persons on 30-09-2026, following conversion of convertible warrants.

Sat 3 Oct 2026

Reason for allotment

conversion of convertible warrants

Allotment date

30-09-2026

Revised allotment date included

06-08-2026

Promoter/promoter group persons covered in Form C

Seven

Individual allotment range

180000 equity shares (Rs. 8613000/-) to 500000 equity shares (Rs. 23925000/-)

What was disclosed

The company told the exchanges that equity shares were allotted to promoter and promoter group persons on 30-09-2026, pursuant to conversion of convertible warrants. The intimation states that this includes a revised allotment for 06-08-2026. The information is given in Form C, the format used for reporting changes in the holdings of promoters and other designated persons.

Who received shares

• Bina Rajesh Ghatalia: 500000 equity shares allotted, value Rs. 23925000/-. Holding after: 4503584 (14.13%), against 4003584 shares (14.12%) and 500000 convertible warrants (1.76%) before.
• Mihir Rajesh Ghatalia: 345000 equity shares allotted, value Rs. 16508250/-. Holding after: 3180888 (9.98%), against 2835888 shares (10.00%) and 345000 convertible warrants (1.22%) before.
• Nimit Rajesh Ghatalia: 500000 equity shares allotted, value Rs. 23925000/-. Holding after: 1650000 (5.18%), against 1150000 shares (4.06%) and 500000 convertible warrants (1.76%) before.
• Mira Mihir Ghatalia: 250000 equity shares allotted, value Rs. 11962500/-. Holding after: 940000 (2.95%), against 690000 shares (2.43%) and 250000 convertible warrants (0.88%) before.
• Ekta Nimit Ghatalia: 500000 equity shares allotted, value Rs. 23925000/-. Holding after: 500000 (1.57%), against 500000 convertible warrants (1.76%) before.
• Mihir Rajesh Ghatalia (HUF): 245000 equity shares allotted, value Rs. 11723250/-. Holding after: 245000 (0.77%), against 245000 convertible warrants (0.86%) before.
• Rajesh Pranlal Ghatalia: 180000 equity shares allotted, value Rs. 8613000/-. Holding after: 182971 (0.57%), against 2971 shares (0.01%) and 180000 convertible warrants (0.63%) before.

How to read the numbers

• The shares came in through warrant conversion, and the mode recorded against each row is allotment of equity shares pursuant to conversion of warrants.
• For most of the names, the percentage holding moves only slightly. For instance, Bina Rajesh Ghatalia goes from 14.12% to 14.13% even after receiving 500000 shares, because the total number of shares also changes when new shares are allotted.
• Rajesh Pranlal Ghatalia is the one case where the percentage changes noticeably, from 0.01% to 0.57%, but on a small base of 2971 shares held earlier.
• Each row also shows the date of allotment (30-09-2026) and the date the company was intimated (03-10-2026).

What this means for a retail investor

Warrants that were earlier issued have now become equity shares in the hands of the promoter group. Investors can see both the number of shares allotted to each person and the money value recorded against that allotment. The update is a holding-change disclosure; it does not comment on the company's business or earnings.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.