Preferential allotment on share swap basis: continual disclosure of equity shares acquired

iSERA Lifesciences Ltd (formerly Covidh Technologies Ltd) has disclosed a preferential allotment of equity shares on a share swap basis.

Thu 8 Oct 2026

Allottee - Shubhangi Dhanraj Garad

27,55,000 equity shares, 4.95%

Allottee - Sumeet Dhanraj Garad

11,92,000 equity shares, 4.06%

Mode of Acquisition

Acquisition – Preferential Allotment (Share Swap)

What was disclosed

iSERA Lifesciences Limited (formerly known as Covidh Technologies Limited) has informed the exchange of a continual disclosure under Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, consequent to a preferential allotment of equity shares on a share swap basis. The update sets out the allottees, the number of equity shares each acquired, and each holding as a percentage of paid-up share capital.

Allottees in the table

The larger entries listed are

• Shubhangi Dhanraj Garad: 27,55,000 equity shares, 4.95% of paid-up share capital
• Sumeet Dhanraj Garad: 11,92,000 equity shares, 4.06% of paid-up share capital
• Ritu Dhanraj Garad: 7,46,000 equity shares, 2.25% of paid-up share capital
• The table also lists other allottees with smaller numbers of shares, and against every row the nature of transaction is shown as Preferential Allotment – Share Swap

What the enclosed Form C shows

The individual Form C disclosures describe the allottees as belonging to the Promoter Group, with the securities held prior to acquisition shown as Equity Shares at 0.00%.

• The mode of acquisition is stated as Acquisition – Preferential Allotment (Share Swap), and the exchange on which the trade was executed is marked N.A.
• Babasaheb Mahadeo Bhosale: value shown for the shares acquired 38,56,000
• Madan Manohar Ballal: value shown for the shares acquired 48,20,000
• The update notes that the value of transaction excludes taxes, brokerage and any other charges

How to read this

• This is a change-in-shareholding disclosure, not a business or financial results update.
• The % of Paid-up Share Capital column shows how large each allottee's shares are in relation to the company's paid-up capital, which helps a reader judge the size of each allotment.
• The allotment is described as a share swap, and the exchange column is marked N.A., so these were not exchange-traded purchases.
• The update states that the individual Form C disclosures of each allottee are enclosed as separate annexures.

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