1. the Board has decided to issue and allot 64,85,000 Convertible Warrants of the Company to Promoter/ Promoter Group and Strategic Investors (Non-Promoters) on a Preferential Basis 2. ....
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Fundviser Capital (India) Ltd's board has approved issuing 64,85,000 convertible warrants at Rs. 122.50 each, potentially raising about Rs. 79.44 crore. Each warrant can be converted into one equity share (face value Rs. 10, premium Rs. 112.50) within 18 months from allotment, with only 25% payment required upfront. The warrants will be allotted to 15 allottees, including promoter group entities and several strategic non-promoter investors such as Meteor Capital Fund VCC, Second Street Partners Fund, Minerva Ventures Fund, and others. Separately, the board also approved amending the company's main objects clause to add businesses related to precious metals, stones, gold, silver, and bullion trading. An EGM has been scheduled for October 28, 2025, to seek shareholder approval.
This is a significant capital raise (~Rs. 79.44 crore) that could dilute existing shareholders if all warrants are eventually converted into equity. The mix of promoter participation (showing insider confidence) and new strategic investors may be viewed positively, though investors should watch the conversion price relative to market price. The move into precious metals trading signals a potential diversification of business focus.