Director converts warrants into 6.43% equity holding
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Whole-time director Arjunkumar Jagdishbhai Patel, identified as belonging to the promoter group, converted warrants into 1,848,067 equity shares of Rs 10 each on 3 November 2026. The acquisition equals 6.43% of paid-up capital. His holding with related persons rises to 7,222,098 shares, or 25.12%. The stated purchase value is Rs 2,03,28,737.
The conversion lifts the promoter-group holding to 25.12%, strengthening ownership and control. No share sale or pledge transaction is disclosed.