Please find attached intimation under Regulation 30 for the proposed issuance of convertible warrants through preferential issue.
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ATV Projects India's board, at its meeting on 19 July 2025, approved multiple items including the issuance of 25,00,000 convertible warrants at Rs. 41.50 each (aggregating Rs. 10.375 crore) on a preferential basis to promoter group entity Mahalaxmi Import Export Private Limited. Each warrant is convertible into one equity share of Rs. 10 face value at a premium of Rs. 31.50 per share, with 25% payable upfront and the balance 75% within 18 months of allotment. The promoter group's holding will rise from 0.78% to 5.24% post full conversion. The board also approved reappointment of one Whole Time Director and two Independent Directors for a second 5-year term, appointment of ND & Associates as Secretarial Auditor for 5 years, and rectification of a proposal to develop 3.29 acres (revised from 2.71 acres) of surplus land at ATV Nagar.
The warrant issue to the promoter group signals promoter confidence and brings in fresh capital of up to Rs. 10.375 crore, but it will dilute existing shareholders by roughly 4.5% upon full conversion. The land development proposal could unlock value from the surplus land parcel once a joint venture partner is finalized.