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

Board met on October 05, 2026 and approved a preferential issue on a private placement basis.

Mon 5 Oct 2026

Equity Shares Approved

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

Warrants Approved

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

Promoter Holding Post-Issue

66.46% after the issue, against 74.89% before

The board of D.P. Abhushan Ltd, at its meeting held on October 05, 2026, considered and approved a preferential issue of equity shares and warrants on a private placement basis. The issue is subject to the approval of regulatory / statutory authorities and of the shareholders at an Extraordinary General Meeting.

What the board approved

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

About the warrants

• Each warrant is convertible into, or exchangeable for, an equity share.
• The warrants may be exercised in tranches beginning from the date of allotment of the warrants until expiry of 18 months.
• For both the shares and the warrants, the price is stated to be not less than the floor price determined as on the relevant date under Chapter V of the SEBI (ICDR) Regulations, 2018.

Shareholding impact

• Promoter & Promoter Group holding is shown at 74.89% before the preferential issue and 66.46% after the preferential issue.
• The post-issue pattern is prepared on the basis that the proposed allottees subscribe to all the equity shares and/or warrants they intend to subscribe to, and takes into account the outstanding Employee Stock Options granted. If the allottees do not subscribe, or are not allotted the securities as proposed, the pattern would change accordingly.

Who is proposed to subscribe

• The lists of proposed allottees include both non-promoter investors and promoter group entities, for the equity shares as well as for the warrants.

Other decisions taken at the meeting

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

How a retail investor can read this

• A preferential issue brings in fresh equity shares. The warrants, if exercised later, can add further equity shares, so the total share count can rise if they are converted.
• The shares and warrants are proposed at a price stated to be not less than the floor price determined under Chapter V of the SEBI (ICDR) Regulations, 2018.
• The proposals require shareholders' approval at the Extraordinary General Meeting, for which the e-voting agency and scrutinizer have been appointed.
• The post-issue shareholding pattern in the disclosure is prepared assuming the proposed allottees subscribe to everything they have proposed to subscribe to; if that does not happen, the pattern would change accordingly.

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