LDLeo Dryfruits & Spices Trading544329Preferential allotment

EGM on Nov 14 to vote on issue of 70,00,000 fully convertible warrants at ₹60 each, totalling ₹42 crore

EGM called on Saturday, November 14, 2026 at 2:30 P.M. (video conferencing) to pass a special resolution for issuing up to 70,00,000 fully convertible warrants on a preferential basis to Non-Promoters.

By ScoutQuest · Thu 22 Oct 2026, 4:05 PM IST · 2 min read

Warrants to be issued

up to 70,00,000 fully convertible warrants on a preferential basis to Non-Promoters

Issue price per warrant

₹60/- per warrant

Aggregate issue size

aggregating up to ₹42,00,00,000/-

What members are being asked to approve

• An Extraordinary General Meeting is scheduled for Saturday, November 14, 2026 at 2:30 P.M., held through video conferencing / other audio visual means.
• The single special resolution covers creating, offering, issuing and allotting up to 70,00,000 fully convertible warrants on a preferential basis, by way of private placement, for cash, to persons in the Non-Promoter (Public) category.
• Each warrant carries a right to subscribe to one fully paid-up equity share of the company.

Price and size

• Issue price is ₹60/- per warrant, aggregating up to ₹42,00,00,000/-.
• The floor price determined for the issue is ₹59.36/- per warrant, and the issue price is stated to be not lower than that floor price.

How the money comes in

• At least ₹15/- per warrant is payable on or before allotment of the warrants.
• The balance ₹45/- per warrant is payable at the time of exercise of the option attached to the warrants.
• Warrants can be exercised in one or more tranches at any time within 18 (eighteen) months from the date of allotment. If not exercised in that window, the warrants lapse and the amount already paid is forfeited by the company.

Who the proposed allottees are

• Nine proposed allottees, all shown in the Public (Non-Promoter) category.
• The largest proposed allottee is Jignesh Jaswantrai Mehta with 20,00,000 warrants.
• The other names listed are Dhanlaxmi J Mehta, Nisha Jignesh Mehta, Shree Ram Realities, Sejal Rohit Sanghvi, Dharmi Paresh Mehta, Ami Niraj Shah, Sana Fatima Syed and Magha Devi Solanki.

Other terms to note

• The warrants will not carry any voting rights or entitlement to dividend until equity shares are allotted on exercise.
• Equity shares allotted on exercise will rank pari passu with existing equity shares and are proposed to be listed on the SME Platform of BSE Limited, subject to listing and trading approvals.
• The warrants, the shares allotted on exercise and the allottees' entire pre-preferential shareholding are subject to lock-in as provided under the SEBI ICDR Regulations.
• Money received will be kept in a separate bank account and used as per Section 42(6).
• This resolution supersedes the special resolution passed at the Extraordinary General Meeting held on September 4, 2026 relating to issue of up to 70,00,000 warrants, which shall not be acted upon.

What this means for a retail holder

• Fresh money comes in stages: a part on allotment of warrants and the rest only when the warrants are converted into shares.
• Conversion adds new equity shares, so the total number of shares goes up and each existing share represents a smaller slice of the company.
• The proposal is a special resolution, so it needs the specified level of member approval; votes can be cast by remote e-voting before the meeting or e-voting at the meeting through NSDL.

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