Intimation/ Disclosures under SEBI (Prohibition of Insider Trading ) Regulations, 2015.
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The company has allotted 9,60,000 equity shares to its promoter, Nico India Consultancy LLP, on conversion of previously issued convertible warrants. The warrants had a face value of Rs. 5 each, and the shares were allotted at Rs. 25 per share, bringing in roughly Rs. 1.80 crore. As a result, the promoter's equity stake in the company rose from 21.83% to 22.72%. The allotment was done on 27 February 2026 under a preferential issue as per the Companies Act, 2013 and SEBI ICDR Regulations, and the intimation to the stock exchange was made on 2 March 2026.
This is a conversion of warrants that were already issued earlier, so no fresh money is being raised from the wider market right now. The promoter's higher stake shows continued confidence in the company, though minority shareholders see a small dilution in their proportional holding.