Ambassador Intra Holdings542524Preferential allotment

Board approves and allots 18 lakh convertible warrants at Rs. 21.50 each on preferential basis

Board of Ambassador Intra Holdings considered, approved and allotted 18 lakh convertible warrants on a preferential basis.

By ScoutQuest · Mon 19 Oct 2026, 7:25 PM IST · 2 min read

Warrants allotted: 18 lakh convertible warrants on a preferential basis
Issue price per warrant: Rs. 21.50 per warrant (face value Rs. 10.00 plus premium Rs. 11.50)
Upfront consideration: 25% paid upfront — Rs. 96,75,750 in total; balance 75.00% at conversion

The Board of Directors, at its meeting held on Monday, 19th October, 2026, considered, approved and allotted 18 lakh (Eighteen lakh) Convertible Warrants on a preferential basis.
The allottees are person(s) and/or entity(ies) belonging to the Public Category.
Each warrant entitles the holder to exercise an option to convert it into one (1) fully paid-up equity share of face value Rs. 10.00 each.
The allotment is at a price of Rs. 21.50 per warrant, which includes a premium of Rs. 11.50 per warrant, for cash consideration.
The terms follow the Explanatory Statement annexed to the Notice of the Annual General Meeting dated 11th September, 2026.

A quarter of the issue price is paid upfront. The update's annexure shows total 25% consideration of Rs. 96,75,750 across all allottees.
The balance consideration, being 75.00% of the issue price per warrant, is to be paid at the time of exercising the option to convert the warrants into equity shares.
The conversion option is available for 18 (Eighteen) months from the date of allotment.
The issuance is made under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Garima Venture Finance Limited: 5,60,000 warrants, 25% consideration Rs. 30,10,000.
Ashish Patel: 4,00,000 warrants, Rs. 21,50,000.
Parshva Alloys Private Limited: 1,75,000 warrants, Rs. 9,41,000 (as printed).
Evolvion Advisory Private Limited: 1,75,000 warrants, Rs. 9,41,000 (as printed).
Arpit Singh, Saroj Dinesh Singh Kshatriya and Rajveer Dinesh Singh: 1,00,000 warrants each, Rs. 5,37,500 each.
Dharamveer Rajeshkumar Singh and Prabeersingh Chetansingh Thakur: 65,000 warrants each, Rs. 3,49,375 each.
Kavya Chetansingh Thakur: 60,000 warrants, Rs. 3,22,500.
Total across all allottees: 18 lakh warrants and Rs. 96,75,750 of 25% consideration.

The update notes that the 25% consideration for Parshva Alloys Private Limited and Evolvion Advisory Private Limited is required to be ₹9,40,625 instead of ₹9,41,000.
Accordingly, an adjustment of ₹375 per company shall be made in the 75% consideration towards the warrants.

Warrants are not shares yet. They become equity shares only when the holder chooses to convert and pays the balance 75.00%.
If all warrants are converted, the company would issue 18,00,000 new equity shares of face value Rs. 10.00 each, one for each warrant.
The upfront inflow to the company from the 25% portion is Rs. 96,75,750, with the larger balance coming in later at conversion.
Because the allotment is on a preferential basis, the shares go to a specific list of named allottees rather than to all shareholders.

Whether, and when, warrant holders exercise the conversion option within the 18-month window.
The payment of the balance 75.00% of the issue price at the time of conversion.
The revised 25% figures of ₹9,40,625 for the two companies and the ₹375 adjustment in their 75% consideration.

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