Board approves preferential issue of 8,66,434 equity shares and 30,35,711 warrants

Up to 8,66,434 equity shares at ₹ 1,430.00 each, for up to ₹ 1,23,90,00,620.00.

Mon 5 Oct 2026

Equity shares (preferential issue)

Up to 8,66,434 equity shares at ₹ 1,430.00 each, for up to ₹ 1,23,90,00,620.00

Fully convertible equity warrants

Up to 30,35,711 warrants at ₹ 1,430.00 each, for up to ₹ 4,34,10,66,730.00

Post-issue shareholding

Promoter group from 74.89% to 66.46%; public from 25.11% to 33.54%

Board approves preferential issue of equity shares and warrants

The board of D. P. Abhushan Limited, at its meeting held on Monday, October 05, 2026, approved issuing equity shares and fully convertible equity warrants on a preferential basis to proposed allottees, on a private placement basis.

What has been approved

• Up to 8,66,434 fully paid-up equity shares of face value ₹ 10.00 each, at an issue price of ₹ 1,430.00 per share including share premium of ₹ 1,420.00 per share, for an amount up to ₹ 1,23,90,00,620.00.
• Up to 30,35,711 fully convertible equity warrants at ₹ 1,430.00 per warrant, for an amount aggregating up to ₹ 4,34,10,66,730.00.

The issue price for both the equity shares and the warrants is stated to be not less than the floor price determined as on the relevant date.

Who is subscribing

A total of 104 investors are proposed allottees — 54 investors for the equity shares and 71 investors for the warrants.

• Among the larger equity subscribers: Rathi Ramkumar Hiralal HUF for 1,86,450 shares (₹ 26,66,23,500.00); Eterna Prima-Scheme I and Hem Growth Opportunities Fund for 69,931 shares each (₹ 10,00,01,330.00 each); Jyotiprasad Taparia for 46,620 shares (₹ 6,66,66,600.00).
• Among the larger warrant subscribers: Mukul Mahavir Agrawal for 6,99,500 warrants (₹ 1,00,02,85,000.00); Shree Jalaram Metals Private Limited, belonging to the Promoter Group, for 6,36,500 warrants (₹ 91,01,95,000.00); Motilal Oswal Financial Services Limited for 5,24,450 warrants (₹ 74,99,63,500.00); Convivial Advisors LLP for 3,49,600 warrants (₹ 49,99,28,000.00).
• Category II and Category III Alternative Investment Fund schemes also appear among the proposed allottees.

How the warrants work

Each warrant is convertible into, or exchangeable for, 1 fully paid-up equity share of the Company of face value ₹ 10.00, payable in cash. The conversion may be exercised in one or more tranches during the period commencing from the date of allotment of the warrants until expiry of 18 months.

The update states that there is no cancellation or termination of the proposal for issuance of securities.

How the shareholding changes

• Promoters & Promoters' Group: from 1,70,95,744 shares (74.89%) to 1,78,02,084 shares (66.46%).
• Public: from 57,32,176 shares (25.11%) to 89,85,481 shares (33.54%).
• Total: from 2,28,27,920 shares (100.00%) to 2,67,87,565 shares (100.00%).

The pre-issue shareholding pattern is stated as on Friday, October 02, 2026. The post-issue pattern assumes the proposed allottees subscribe to all the equity shares and/or warrants and the resultant equity shares, and takes into account the total 57,500 outstanding Employee Stock Options granted. If the proposed allottees do not or are unable to subscribe to, or are not allotted, the equity shares and/or warrants, the shareholding pattern would undergo corresponding changes.

What happens next

The preferential issue is subject to the approval of regulatory/statutory authorities and of the shareholders of the Company at an Extraordinary General Meeting.

The board also appointed National Securities Depository Limited as the remote e-voting agency for the resolutions proposed to be passed at the Extraordinary General Meeting, and M/s. Prasad & Partners LLP as Scrutinizer for the remote e-voting process and the e-voting system on the date of the meeting. The board authorised the Executive Directors and Company Secretary to send the Extraordinary General Meeting Notice to all members.

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