The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Umesh Agarwal & PACs
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GEE Limited's promoter Umesh Agarwal, along with other promoter group members (Om Prakash Agarwal, Payal Agarwal, and Jyoti Agarwal), has disclosed an allotment of 22,00,000 equity convertible warrants on a preferential basis, representing 3.85% of the expanded share capital. Out of these, Mr. Umesh Agarwal received 15,00,000 warrants (2.63%) and Mr. Om Prakash Agarwal received 7,00,000 warrants (1.23%), while the two PACs received none. The allotment date was January 5, 2026, and it has increased the company's equity share capital from Rs. 10.39 crore to Rs. 11.41 crore, with total shares rising from 5.19 crore to 5.70 crore of face value Rs. 2 each. Post-allotment, the promoter group's aggregate shareholding (assuming full warrant conversion) stands at approximately 62.10% of the diluted capital, up from 58.25% earlier.
This preferential allotment to existing promoters signals continued insider confidence in the company but will result in a modest dilution for non-promoter shareholders upon warrant conversion. The stock may see limited immediate price impact as the warrants were issued to promoters rather than outside investors.