We hereby inform you that the Board of Directors of the Company, at its meeting held today i.e., Saturday, 21st February, 2026 at the registered office of the Company situated at 15 Ashwamegh ....
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The Board of Bizotic Commercial Ltd, at its meeting on 21st February 2026, approved the allotment of 12,58,000 convertible warrants to members of the Promoter and Promoter Group on a preferential basis. Each warrant is convertible into one equity share of face value Rs. 10 at a price of Rs. 290 per warrant (including a premium of Rs. 280), giving a total potential inflow of about Rs. 36.48 crore. Allottees paid 25% upfront amounting to Rs. 9.12 crore, with the remaining 75% due at the time of conversion within 18 months. The four allottees — Sangita Annmol Aggarwala, Bizotic Dynamics Pvt Ltd, Bizotic India Pvt Ltd, and Bizotic Nexus Pvt Ltd — are all promoter group entities, with Bizotic Nexus getting the largest share of 5,74,000 warrants.
This is a promoter-group preferential allotment, showing commitment from existing promoters, but it will dilute public shareholders once warrants are converted. The company receives only Rs. 9.12 crore in immediate cash, with the balance Rs. 27.36 crore dependent on future conversion.