Pursuant to Regulation 30 of SEBI Listing Regulations, 2015, enclosed herewith Outcome of Circular Resolution passed by the Board of Directors as on April 17, 2026.
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Comfort Fincap Ltd's Board of Directors passed a circular resolution on April 17, 2026, approving the conversion of 80,50,000 share warrants into 80,50,000 fully paid-up equity shares of Rs. 2/- each via preferential allotment. The company received Rs. 5,43,37,500/- as the balance 75% payment at Rs. 6.75 per warrant (total issue price was Rs. 9 per warrant). Four investors converted their warrants: Luharuka Investment & Consultants Pvt Ltd converted 65 lakh warrants and now holds 24.37% stake, while Kalpesh Mehta, Darshan Doshi, and Jignesh Gala converted smaller quantities. The paid-up equity capital increased from Rs. 18 crore to Rs. 19.61 crore, with total shares rising from 9 crore to 9.81 crore.
This is a significant dilution event for existing shareholders as the equity base increased by ~9%. Luharuka Investment & Consultants has emerged as a major shareholder with 24.37% holding. The large warrant conversion suggests pre-planned dilution, and the new shares will rank pari-passu with existing shares.