as per letter attached herewith.
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Fundviser Capital (India) Ltd has called an EGM on 28th October 2025 (via video conferencing) to seek shareholder approval for two special businesses. The first is the issue of up to 64,85,000 convertible warrants at Rs. 10 face value with a premium of Rs. 112.50 per warrant, aggregating to Rs. 79.44 crores on a preferential basis. This is a revised version of an earlier resolution passed on 15th July 2025 (which had a premium of Rs. 106, totaling Rs. 75.23 crores); the revision was made after BSE returned the original application seeking additional disclosures. About 42.6 lakh warrants are earmarked for the promoter/promoter group (including Chairman Prem Krishan Jain and his family), and the remaining 22.25 lakh warrants are proposed for non-promoters including three Foreign Portfolio Investors (Meteor Capital Fund, Second Street Partners Fund, Minerva Ventures Fund). Warrant holders must pay 25% upfront and the balance 75% on conversion within 18 months. The second business is an amendment to the Main Objects clause of the Memorandum of Association to add trading in precious metals, precious/semi-precious stones, gold, silver, bullion and coins.
If approved, this preferential warrant issue will raise up to Rs. 79.44 crores and lead to significant equity dilution (up to 64.85 lakh shares upon full conversion). Existing shareholders should note that the promoter group is taking a major share of the warrants (~66%), which signals promoter confidence but also increases their control. The MOA amendment signals a potential diversification into precious metals and bullion trading, a new business vertical for the company.