Withdrawal of Proposed Preferential Issue of 45,95,795 Convertible Warrants to Promoter Group

Themis Medicare has withdrawn its proposed preferential issue of 45,95,795 convertible equity warrants to a promoter group entity at Rs. 102.87 per warrant.

Thu 24 Sep 2026

Warrants Withdrawn

45,95,795 convertible equity warrants

Issue Price

Rs. 102.87 per warrant

Beneficiary

Promoter group entity

Original Purpose

Strengthen working capital

Status

In-principle approval applications to BSE and NSE will be withdrawn

What happened

The Preferential Issue Committee of the Board had approved a proposal to issue 45,95,795 warrants convertible into equity shares to a promoter group entity at Rs. 102.87 per warrant. The company has now decided to withdraw that proposed issue.

Reason given

• The main objective was to strengthen the company's working capital requirement.
• The company states this requirement has now been arranged and met by other means.
• It may consider a fresh issue in future with such objects as may be necessary.

Process steps

• Applications made to BSE and NSE for in-principle approval will be withdrawn.
• All disclosures, intimations and submissions to the stock exchanges connected with this preferential issue are to be treated as withdrawn.

What it means for investors

As the warrants will no longer be issued, the potential increase in share count from this proposal does not arise, so the dilution investors had earlier been informed about will not take place. It also means the planned promoter group infusion through these warrants will not come in. The company states the withdrawal shall not have any adverse impact on its financial position and operations.

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.