Akash Infra Projects Limited has informed the Exchange about Clarification letter under Regulation 30 of SEBI (LODR) Regulations, 2015.
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Akash Infra Projects has disclosed further details of its proposed preferential issue of 40,00,000 convertible warrants, for which shareholders had already approved at an EGM on 16 March 2026. All subscribers are from within the promoter, promoter group, directors, and key managerial personnel categories, with no external or public investors participating. The largest subscribers are Managing Director Yoginkumar Patel (7 lakh warrants) and Chairman-MD Ambusinh Gol and Wholetime Director Premalsinh Gol (5 lakh each), with several other promoter group members taking smaller lots. The total warrants listed across the 11 named individuals add up to 30 lakh, leaving a gap of 10 lakh warrants unaccounted for in the table. The company has confirmed no other promoter or senior management member is subscribing beyond those named.
This is an insider-only preferential allotment, which signals confidence from existing promoters but does not bring in fresh public capital. Shareholders should note potential future dilution when these warrants are converted into equity, and the unexplained gap in the subscription table is worth seeking clarification on.