Board allots 10,22,727 convertible warrants at ₹ 110 each on preferential basis, 25% received

Board approved allotment of 10,22,727 fully convertible warrants at ₹ 110/- each, aggregating upto ₹ 11,24,99,970/-.

Fri 25 Sep 2026

Warrant Allotment Quantity

10,22,727 fully convertible warrants

Warrant Price

₹ 110/- each

Total Aggregate Amount

₹ 11,24,99,970/-

Payment Terms

25% on allotment; 75% on conversion

Conversion Period

Within 18 months from allotment

What happened

Khadim India Limited's Board of Directors, through a resolution passed by circulation on September 25, 2026, approved the allotment of 10,22,727 fully convertible equity share warrants at an offer price of ₹ 110/- each, after receiving 25% of the total consideration from the allottees.

Size of the issue

• Total issue size: ₹ 11,24,99,970/- if all warrants are converted.
• Each warrant converts into 1 fully paid-up equity share of face value ₹ 10/-.
• 25% paid at allotment; the balance 75% is payable when the holder exercises conversion.

Who received them

• Promoter Mr. Siddhartha Roy Burman: 2,27,273 warrants. His holding is 16,33,533 shares (8.89%) pre-issue and would be 18,60,806 shares (9.59%) assuming full conversion.
• Ten non-promoter/public allottees, none of whom held shares before, received the rest: seven of them 90,909 warrants each (0.47% post conversion), Ms. Ashwini Sunil Chavan 72,727, Siddharth Harshad Parikh (HUF) 68,182, and Ms. Vedika Bharat Shinde 18,182.

Timeline and conditions

The tenure of the warrants does not exceed 18 months from allotment. Conversion rights may be exercised in one or more tranches during this period. If a holder does not exercise within 18 months, the unexercised warrants lapse and the amount paid stands forfeited by the Company.

Approvals behind it

Shareholders approved the issue at the Extra-ordinary General Meeting held on August 01, 2026, and both NSE and BSE granted in-principle approval on September 11, 2026. The pricing was determined under the SEBI ICDR Regulations.

How to read it

This is a preferential issue that brings fresh money into the company in two stages. Existing shareholders should note that full conversion would add new equity shares, diluting existing percentage holdings, while the promoter's stake would rise slightly.

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