Disclosure for the issue of Securities on preferential basis
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Mafia Trends Ltd's board, in its meeting on November 14, 2025, approved issuing up to 54,00,000 equity warrants at Rs. 13.50 each to non-promoter investors on a preferential basis, potentially raising up to Rs. 7.29 crore. Each warrant is convertible into one equity share of Rs. 10 face value (at a premium of Rs. 3.50) within 18 months, with 25% payable upfront and the remaining 75% on conversion. Up to 15 non-promoter allottees will participate, mostly individuals with one LLP (Vibrant Synthesis India LLP). The board also approved unaudited standalone financial results for the half-year ended September 30, 2025, and scheduled an Extra Ordinary General Meeting on December 13, 2025 to seek shareholder approval.
This is a small preferential fundraise (up to Rs. 7.29 crore) from non-promoter investors. Since these are warrants and not direct equity, immediate dilution is limited, but full conversion could expand the share base over the next 18 months — a modest dilution event for existing shareholders.