Board approves authorised share capital rise and 2,00,00,000 convertible warrants at Rs.11/-; EGM on November 05, 2026

Increase in authorised share capital from Rs.3,50,00,000 to Rs.23,50,00,000, divided into 2,35,00,000 equity shares of Rs.10/- each.

Sat 3 Oct 2026

Authorised share capital

from Rs.3,50,00,000 to Rs.23,50,00,000, divided into 2,35,00,000 equity shares of Rs.10/- each

Preferential issue size

up to 2,00,00,000 convertible warrants at Rs.11/- each, aggregating Rs.22,00,00,000

EGM date

Thursday, November 05, 2026

Relevant Date

October 6, 2026

Warrant terms

18 month tenure; 25% payable on subscription, 75% on exercise

Board meeting of October 03, 2026: two proposals cleared

The Board of Craftroot Retail Ltd approved two main items. Both are subject to the approval of shareholders and other regulatory authorities.

Authorised share capital going up

• Existing authorised share capital: Rs.3,50,00,000
• Revised authorised share capital: Rs.23,50,00,000, divided into 2,35,00,000 equity shares of face value Rs.10/- each
• Authorised capital is the ceiling up to which a company can issue shares. Raising this ceiling does not by itself mean new shares have been issued.

Preferential issue of convertible warrants

• Up to 2,00,00,000 warrants convertible into equity shares, at Rs.11/- per warrant
• Total amount if all warrants are exercised: Rs.22,00,00,000
• 14 allottees are proposed. Promoter category allottees account for 1,17,93,000 warrants; the remaining are public category (body corporate) entities
• Each warrant carries a right to subscribe to one equity share
• Tenure: not exceeding 18 (eighteen) months from the date of allotment, exercisable in one or more tranches
• Payment: 25% of the warrant issue price at the time of subscription and allotment, and the balance 75% on exercise
• If a warrant holder does not exercise within 18 months, the unexercised warrants lapse and the amount paid on them stands forfeited by the company

Other decisions taken

• Relevant Date for the preferential issue fixed as October 6, 2026
• The Board noted the Valuation Report of Mr. Manish Santosh Buchasia, an Independent Registered Valuer Entity, for calculation of the Minimum Floor Price
• Extra-Ordinary General Meeting to be held on Thursday, November 05, 2026 at the Registered Office; Rupal Patel, practising Company Secretary, appointed as Scrutinizer for the e-voting process

What this means for an investor

• Warrants are convertible instruments. Equity shares will come into existence when holders pay the balance and exercise them, so the shareholding pattern can change over the warrant tenure.
• Both the capital increase and the preferential issue will be placed before shareholders at the EGM on November 05, 2026.

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