FCCB Committee approves allotment of 2,59,12,548 equity shares on conversion of 14,000 FCCBs

Paisalo Digital's FCCB Committee has approved the allotment of 2,59,12,548 Equity Shares of face value Re. 1/- each, upon conversion of 14,000 Foreign Currency Convertible Bonds (FCCBs).

Thu 1 Oct 2026

Equity shares allotted

2,59,12,548 Equity Shares of face value Re. 1/- each

FCCBs converted

14,000

Paid-up equity capital before allotment

Rs. 91,41,49,114/- (91,41,49,114 Equity Shares of Re. 1/- each)

Paid-up equity capital after allotment

Rs. 94,00,61,662/- (94,00,61,662 Equity Shares of Re. 1/- each)

Committee meeting date

October 1, 2026, from 03:30 P.M. to 04:00 P.M.

What the company informed

The FCCB Committee of the Board of Directors of Paisalo Digital Limited met on October 1, 2026. At this meeting, the Committee considered and approved the allotment of 2,59,12,548 Equity Shares of face value Re. 1/- each.

These shares were allotted upon conversion of 14,000 Foreign Currency Convertible Bonds (FCCBs). The conversion was done as per the Conversion Notice received, in accordance with the terms of the FCCBs set out in the Offering Circular.

How the equity capital changes

• Fully paid-up equity capital before the allotment: Rs. 91,41,49,114/-, consisting of 91,41,49,114 Equity Shares of Re. 1/- each.
• Fully paid-up equity capital after the allotment: Rs. 94,00,61,662/-, consisting of 94,00,61,662 Equity Shares of Re. 1/- each.
• New shares issued in this allotment: 2,59,12,548 Equity Shares of face value Re. 1/- each.
• Bonds converted into these shares: 14,000 FCCBs.

What this means in simple terms

A Foreign Currency Convertible Bond is a bond that can be converted into equity shares of the company instead of being repaid in cash. When bondholders choose conversion, the company issues new shares to them, and the number of equity shares in issue goes up.

Here, the conversion adds 2,59,12,548 new equity shares. Because the total number of shares in issue becomes larger, each existing shareholder's holding now represents a smaller slice of the company than before. This is what is commonly called dilution.

At the same time, shares issued on conversion mean the corresponding FCCBs are converted into equity rather than being repaid in cash.

The meeting details

The Committee meeting commenced at 03:30 P.M. and concluded at 04:00 P.M. on October 1, 2026. The company had given a prior intimation dated September 24, 2026 on this matter. The information has also been made available on the company's website.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.