Disclosure
Awaiting price reaction for this filing.
Mr. Surendra Kumar Jain, part of the promoter group, was allotted 854,700 equity shares of the company through a preferential allotment. The shares were issued in exchange for converting an outstanding unsecured loan held by him into equity. The disclosure was made on April 14, 2025, and submitted to BSE by the company on April 15, 2025, as required under SEBI's Prohibition of Insider Trading Regulations. This is a routine compliance filing linked to an internal capital restructuring, not a fresh fund-raising from the market.
The allotment strengthens the promoter's equity stake in the company while converting debt into equity, which reduces the company's unsecured loan obligations. There is no new capital being raised from public shareholders, and dilution is limited to promoter group holdings.