Board to consider allotment of 1 crore convertible warrants to promoter at Rs. 18.51 each

Board meets on October 01, 2026.

Mon 28 Sep 2026

Board Meeting Date

October 01, 2026

Warrant Allotment Quantity

1,00,00,000 convertible warrants

Warrant Issue Price

Rs. 18.51 per Warrant

Beneficiary

Mr. Sunil Kumar Jain, Promoter

Shareholder Approval Date

September 10, 2026

What was shared

The Company intimated BSE and NSE, under Regulation 29(1) of SEBI LODR, that a meeting of its Board of Directors is scheduled on Thursday, October 01, 2026 at the Registered Office.

Agenda items

• Allotment of 1,00,00,000 (One Crore) convertible warrants on a preferential basis to Mr. Sunil Kumar Jain, Promoter of the Company.
• Issue price of Rs. 18.51 per Warrant.
• Other matters incidental or ancillary to the allotment, and any other matter with the permission of the Chair.

Approval already in place

The update states the allotment follows the approval of the Members obtained at the Annual General Meeting held on September 10, 2026, along with other applicable laws, rules and regulations. So this Board meeting is the execution step rather than a fresh proposal.

How convertible warrants work

A warrant gives the holder the right to be allotted an equity share later, on payment as prescribed under preferential issue rules. Promoter subscription increases promoter funds coming into the Company, and on conversion new shares are created, which can change the shareholding mix for existing shareholders.

What to watch

• The outcome disclosure after the October 01, 2026 Board meeting confirming the allotment.
• Subsequent conversion of the warrants into equity shares and the resulting shareholding pattern.

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