Board Meeting held today to consider and allot 6477451 Equity Shares pursuant to conversion of convertible warrant

Epuja Spiritech Ltd's board, at its meeting on 11 September 2025, approved the allotment of 64,77,451 equity shares of face value Rs. 1 each at an issue price of Rs. 3.40 (including Rs. 2.40 premium) pursuant to the conversion of fully convertible warrants issued earlier via preferential allotment. The shares were allotted to 12 allottees, mostly non-promoters, with the largest tranche (23,52,941 shares) going to Prakash Chandrakumar Gandhi, a Non-Executive Director. As a result, the company's paid-up equity capital has risen from Rs. 8.90 crore to Rs. 9.55 crore (an increase of about 7.3%). A significant 7,79,33,431 warrants remain unconverted and may be converted into equity in the future, potentially leading to further dilution.