Abhinav Leasing & Finance538952Preferential allotment

Preferential Issue of 6,00,00,000 Convertible Warrants Proposed to Raise Rs. 6 Crore for Working Capital

The company disclosed details of a proposed preferential issue of convertible share warrants.

By ScoutQuest · Thu 24 Sep 2026, 5:36 PM IST · 2 min read

1.66%Promoter holding -issue

Promoter holding -issue: 1.66%.

Amount to be Raised: ₹6,00,00,000 (Rupees Six Crore only)
Object of Issue: Working capital requirements
Securities per Allottee: 1,50,00,000 convertible share warrants each
Promoter Shareholding Post-Conversion: From 3.66% to 1.66%
Number of Allottees: Four non-promoter allottees: Vardan Ceqube India Investment Fund, Amrabathi Investra Pvt Ltd, Masatya Technologies Pvt Ltd and Panafic…

What was shared

The company disclosed, under the SEBI listing rules, the details of a proposed preferential issue of convertible share warrants — the object of the issue, pre- and post-issue shareholding, the proposed allottees and their ultimate beneficial owners.

Size and purpose

Amount proposed to be raised: ₹6,00,00,000 (Rupees Six Crore only).
Sole object: working capital requirements. Since there is only one object, no object-wise split is applicable.
Funds will be deployed progressively after receipt of proceeds on conversion/exercise of the warrants, based on actual business requirements and cash position.

Proposed allottees

Each of the four proposed allottees is to receive 1,50,00,000 securities

Vardan Ceqube India Investment Fund — QIB, non-promoter institutional
Amrabathi Investra Private Limited — non-promoter body corporate
Masatya Technologies Private Limited — non-promoter body corporate
Panafic Industrials Limited — non-promoter body corporate; a company listed on BSE (scrip code 538860)

Ultimate beneficial owners named include Mr. Vikram Behari and Ms. Seema Kaushal (Vardan Ceqube Advisors Private Limited), Mr. Dipansh Nagpal, Ms. Bimla Rani and another individual (Masatya Technologies), and Mr. Tarun Goyal, Mr. Giri Raj Goyal and Mr. Kartik Goyal (Amrabathi Investra). For Panafic Industrials Limited, no natural person has been identified as UBO based on its ownership/control structure and available records.

Shareholding effect (assuming full conversion)

Promoters (Indian individual): 18,30,000 shares, moving from 3.66% to 1.66% — the shareholding is unchanged in number but the percentage falls because of the new shares.
Alternative Investment Fund category: 1,50,00,000 shares, 13.64% post-issue.
Resident individuals holding up to Rs.2 lakh: 65,81,321 shares, from 13.16% to 5.98%.
Resident individuals above Rs.2 lakh: 3,53,70,495 shares, from 70.77% to 32.16%.
Bodies corporate and others: rising to 41.39% post-issue after 4,50,00,000 proposed securities.

How to read this

Convertible warrants give the holder the right to convert into equity shares later. If fully converted, the number of shares outstanding rises sharply, so existing holders' percentage stake gets diluted — visible in how every existing category's percentage drops. The counterpart is fresh money into the company for working capital, and the entry of new non-promoter investors including an investment fund.

Status

The issue is proposed and is subject to the approval of shareholders and such other regulatory/statutory approvals as may be required. Allotment would be carried out under the Companies Act, 2013 and SEBI ICDR/LODR rules.