Intimation of In-principle approval received for issue of 16,02,000 warrants convertible into Equity Shares by the Company.
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Bizotic Commercial Ltd has received BSE in-principle approval to issue 16,02,000 (16.02 lakh) warrants, each convertible into one equity share of Rs. 10 face value. The conversion/exercise price is fixed at not less than Rs. 290 per share, implying a minimum issue size of around Rs. 46.46 crore if fully converted. All warrants are being issued to the Promoters on a preferential (private) basis, not to the public. BSE granted the approval on February 13, 2026, and the company informed the exchange on February 16, 2026. The actual allotment is still subject to further regulatory steps and compliance with SEBI ICDR Regulations.
Since the warrants are being issued only to Promoters, this signals promoter commitment and confidence in the company. However, if and when the warrants are exercised, existing shareholders will face dilution to the tune of 16.02 lakh shares. The stock may see short-term pressure depending on the prevailing market price versus the Rs. 290 exercise price.