Allotment of 2,24,39,134 Warrants on Preferential Basis at INR 89.13 Each

Committee of Directors approved allotment of 2,24,39,134 warrants to M/s. Vibrant Enterprises on a preferential issue, private placement basis.

Thu 1 Oct 2026

Warrants Allotted

2,24,39,134 warrants

Issue Price per Warrant

INR 89.13

Aggregate Amount

INR 200,00,00,013.42

Upfront Payment (25%)

INR 50,00,00,003.36

Exercise Period

18 months from allotment date

What happened

The Committee of Directors, at its meeting held on 1st October 2026, approved the allotment of 2,24,39,134 warrants ("Subscription Warrants") to M/s. Vibrant Enterprises, a partnership firm, by way of a preferential issue on a private placement basis. This follows the Board's earlier approval intimated on 24th April 2026, and the receipt of all applicable regulatory and statutory approvals.

Who is the investor

M/s. Vibrant Enterprises, acting through its partners: Smt. Nisha Jayaswal, Smt. Rita Jayaswal, Smt. Karishma Jayaswal, Smt. Hargunn Jayaswal, Smt. Ankita Jayaswal, Jyotikant Investments Private Limited and Vibrant Electronics Private Limited.

Money terms

• Issue price: INR 89.13 per Subscription Warrant
• Aggregate amount: INR 200,00,00,013.42
• Paid upfront at allotment: INR 50,00,00,003.36, being 25% of the aggregate subscription amount
• Balance payable at the time of exercise of the warrants, as per ICDR Regulations

Conversion terms

Each warrant carries the right to subscribe to 1 equity share of face value INR 10. The right may be exercised in one or more tranches within 18 months from the date of allotment.

How to read it

A preferential warrant issue brings fresh funds into the company in stages: 25% now, the rest only if and when the warrants are exercised. If fully exercised, 2,24,39,134 new equity shares would be created, which expands the share count for existing shareholders. The allotment was made under Chapter V of the SEBI ICDR Regulations and the Companies Act, 2013.

The Committee meeting commenced at 10:30 A.M. and concluded at 11:10 A.M.

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