Allotment of 1,00,00,000 Convertible Warrants to Promoter on Preferential Basis at Rs. 18.51 Each

The company has allotted 1,00,00,000 convertible warrants on a preferential basis to Mr. Sunil Kumar Jain, Promoter.

Thu 1 Oct 2026

Warrant Allotment Quantity

1,00,00,000 Convertible Warrants

Issue Price Per Share

Rs. 18.51 per equity share

Total Allotment Value

Rs. 18,51,00,000/-

Allottee

Mr. Sunil Kumar Jain, Promoter

Conversion Period

within 18 months from the date of allotment

What happened

The Company has allotted convertible warrants on a preferential basis.

• Type of securities: Convertible Warrants
• Type of issuance: Preferential Issue
• Allottee: Mr. Sunil Kumar Jain, Promoter of the Company
• Number allotted: 1,00,00,000 Convertible Warrants
• Issue price: Rs. 18.51 per equity Shares
• Total amount for which securities were allotted: Rs. 18,51,00,000/-
• Conversion: within 18 Months from the date of allotment

What it means

A convertible warrant gives the holder the right to convert it into equity shares later, at the stated price, within the set period. Here the holder is a promoter, so promoter participation in the company's funding is involved.

If and when the warrants are converted, new equity shares will be issued, which increases the total number of shares outstanding. That can change the shareholding proportions of existing shareholders.

The disclosure is made under Regulation 30 of the SEBI LODR Regulations.

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