Outcome of Board Meeting held on 3rd September, 2025
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The Board of Bizotic Commercial Ltd, held on 3rd September 2025, approved raising up to about Rs. 93.47 crores through preferential allotments at Rs. 290 per share (face value Rs. 10, premium Rs. 280). This includes 7,68,000 equity shares to non-promoter investors worth Rs. 22.27 crores and 24,55,200 convertible warrants (convertible within 18 months, with 25% upfront) to the promoter and promoter group worth up to Rs. 71.20 crores. The Board also approved raising the authorised equity share capital from Rs. 9 crores to Rs. 11.27 crores, subject to shareholder approval. Additionally, the Annual Report was approved and the 9th AGM was fixed for 30th September 2025 via video conferencing. The Board appointed new Secretarial Auditor (Jinang Shah & Associates for FY 2025-26 to 2029-30), Internal Auditor (Kaswala & Dixit for FY 2025-26), and Statutory Auditor (J. Singh & Associates for FY 2024-25 to 2028-29).
Existing non-promoter shareholders will face equity dilution from the preferential issue to non-promoters, while the promoter group's holding is set to increase from 69.97% to about 71.75% post full warrant conversion. The issue price of Rs. 290 is a steep premium over face value but the stock's market reaction will depend on how this Rs. 290 price compares to prevailing market price — investors should check this before the record/cut-off date of 23rd September 2025.