Board approves preferential issue of up to 54,50,000 shares and 35,00,000 warrants; EGM on Nov 05, 2026

Board Meeting Outcome — Oct 06, 2026.

Tue 6 Oct 2026

Preferential Equity Issue

Up to 54,50,000 equity shares at ₹10.50 each, totalling up to ₹5,72,25,000, to 17 non-promoter allottees

Preferential Warrant Issue

Up to 35,00,000 fully convertible warrants at ₹10.50 each, totalling up to ₹3,67,50,000, to 5 allottees

EGM Date

EGM called on Thursday, November 05, 2026 for shareholder approval

The board of Shiva Granito Export Ltd met on Tuesday, October 06, 2026 (from 04:30 PM to 05:30 PM) and approved two proposals to issue securities on a preferential basis — that is, to a selected set of investors instead of to the public. Both proposals are subject to the approval of the shareholders, and the board has approved calling an Extra-Ordinary General Meeting of the company on Thursday, November 05, 2026.

Preferential issue of equity shares

• Up to 54,50,000 (Fifty-Four Lakhs and Fifty Thousand) equity shares of face value ₹10 each
• Issue price: ₹10.50 per share, including a premium of ₹0.50 per share
• Amount aggregating up to ₹5,72,25,000
• Proposed allottees: 17 (Seventeen) investors, all belonging to the non-promoter category
• Consideration: cash

Preferential issue of warrants

• Up to 35,00,000 (Thirty-Five Lakhs) fully convertible warrants
• Issue price: ₹10.50 per warrant, including a premium of ₹0.5 per warrant
• Amount aggregating up to ₹3,67,50,000
• Proposed allottees: 5 (Five), belonging to the promoter, promoter group and non-promoter category
• Consideration: cash

How the warrants work

• Each warrant carries a right to subscribe to 1 equity share of face value INR 10 at ₹10.50
• Tenor of the warrants is 18 (eighteen) months from the date of allotment, and they are convertible in one or more tranches
• 25% of the warrant issue price is to be received at the time of subscription and allotment of each warrant; the balance 75% is payable by the warrant holder on exercise of the warrant
• If a warrant holder does not exercise the warrants within 18 months from allotment, the unexercised warrants lapse and the amount paid on them stands forfeited by the company

Shareholding before and after

• Promoter and promoter group: 58,75,050 shares, 44.46% before; 68,75,050 shares, 27.54% after
• Public: 73,40,000 shares, 55.54% before; 1,80,90,000 shares, 72.46% after
• Total: 1,32,15,050 shares before; 2,49,65,050 shares after
• The post-issue figures are stated after including 28,00,000 warrants to be converted into equity shares, the issuance of 54,50,000 equity shares and 35,00,000 fully convertible warrants to be converted into equity shares

Allottee details

• Annexure-IA lists the 17 proposed equity allottees, including Five Elements Resources Pvt Ltd (20,00,000 shares, 8.29% post-issue holding), Manisha Mayank (15,00,000 shares, 6.01%) and Jyoti Tuli (7,00,000 shares, 2.80%)
• Annexure-IIA lists the 5 proposed warrant allottees, including Topfilings India Capital Market Pvt Ltd (14,50,000 warrants, 5.81% post-issue holding), Shiva Explosives India Private Limited (10,00,000 warrants, 4.03%) and Ravi Bhatia (5,00,000 warrants, 2.00%)

What happens next

• The proposals are subject to shareholder approval, for which the Extra-Ordinary General Meeting is called on Thursday, November 05, 2026
• The company has stated that the proposed allottees have not sold or transferred any shares in the last 90 trading days preceding the relevant date
• This is a board outcome disclosure; the actual issue of securities would follow the approvals and processes set out in the update

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