Outcome of Board Meeting held today i.e. on February 17, 2026.
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Awaiting price reaction for this filing.
The Board of Paradeep Parivahan Ltd removed Dhatri Software Solutions Pvt. Ltd. from the list of proposed allottees for its preferential issue of Fully Convertible Equity Warrants, as the allottee had sold shares during the relevant pricing period and became ineligible under SEBI ICDR Regulations. Consequently, the total issue size has been reduced from 12,00,000 warrants to 10,40,000 warrants, now to be allotted to Khalid Khan (Promoter, 8,00,000 warrants) and Jigish Shantilal Sonagara (Non-Promoter Public, 2,40,000 warrants). The warrants carry an option to convert into equity shares at Rs. 156.46 per share (including Rs. 146.46 premium), aggregating to about Rs. 16.27 crore, with conversion allowed within 18 months from allotment. The Board also approved a corrigendum to the EGM notice, publication of a newspaper advertisement, and re-opening of the e-voting window for 48 hours for shareholders to vote on the revised resolution.
The reduction in issue size by about 13% means less fresh capital (~Rs. 2.5 crore less than originally planned), which is relatively minor. The bulk of the warrants (~77%) are going to the Promoter/Managing Director, signalling promoter-led capital infusion and confidence in the company. Shareholders should note the upcoming 48-hour e-voting window to approve the revised resolution.