Prajay Engineers Syndicate Limited has informed the Exchange regarding allotment of 7269566 securities pursuant to Preferential Issue at its meeting held on November 19, 2025Sub: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ( SEBI LODR Regulations ) Allotment of Warrants on Preferential Basis.Re: Board Meeting Outcome dated September 2, 2025 read with outcome of shareholders meeting dated September 2. 9, 2025This is with reference to the In-principle approval granted by stock exchanges vide BSE letter no. LOD/PREF/HC/FIP/1130/2025-26 dated November 6, 2025 and NSE letter no. NSE/LIST/50700 dated November 7, 2025; the Allotment Committee of the Board of Directors of the Company at its meeting held today i.e. November 19, 2025 has inter alia approved the allotment of the following securities on a preferential basis:1. Allotment of 72,69,566 (Seventy Two Lakh Sixty Nine Thousand Five Hundred and Sixty Six) Convertible Warrants (convertible into equivalent number of equity shares of the Company) at an issue price of Rs.23/- (Rupees Twenty-Three Only) (including a premium of Rs.13/- (Rupees Thirteen Only) per Warrant, on preferential basis to the following allottees, upon receipt of Rs.5.75/- per Warrants (as per table below), which is 25% (twenty-five per cent) of the issue price. Each Warrant is convertible into one fully paid-up Equity Share of face value of ₹10/- each on payment of balance Rs.17.25/- per Warrants, at the time of exercising the conversion of Warrant, within a period of 18 months. The details of the allottees are as follows:Sr. no. Name of Allottees Category No. of Warrants Allotted Consideration appropriated against repayment of Loan Consideration Received in Cash 1 Dantapally Vijaysen Reddy Promoter 36,89,304 2,12,13,498.00 ---2 Sreepathi Sankeerthy Reddy Non-Promoter 4,34,783 --- 25,00,002.253 Gondesi Vishnu Vardhan Reddy Non-Promoter 4,34,783 --- 25,00,002.254 Madavaram Suman Rao Non-Promoter 4,34,783 --- 25,00,002.255 Andem Anurag Reddy Non-Promoter 2,17,391 --- 12,49,998.256 Datla Akash Varma Non-Promoter 8,69,565 --- 49,99,998.757 Suraj Penukonda Non-Promoter 2,17,391 --- 12,49,998.258 Myneni Nalina Kanthi Non-Promoter 2,60,870 --- 15,00,002.59 Valluru Jyothsna Non-Promoter 1,73,913 --- 9,99,999.7510 Asia Sultana Non-Promoter 5,36,783 --- 30,86,502.25Total 72,69,566 2,12,13,498.00 2,05,86,506.50Further, the securities allotted on preferential basis shall be subject to such lock-in restriction as prescribed under Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.The details of pre and post allotment paid-up equity share capital of the Company are as follows:Particulars No. of Equity Shares Amount (in Rs.)Pre-allotment paid up share capital 6,99,35,791 69,93,57,910Post allotment paid up share capital 7,72,05,357 77,20,53,570The information in connection with the allotment of securities pursuant to Regulation 30 of the SEBI LODR Regulations read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, is enclosed as Annexure I.The meeting commenced at 04:30 p.m. and concluded at 05:25 p.m.Kindly take on record the same.
PRAENG · price
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Prajay Engineers Syndicate has allotted 72,69,566 convertible warrants at Rs.23 each (face value Rs.10, premium Rs.13) on a preferential basis, approved by the Allotment Committee on November 19, 2025. Allottees paid 25% upfront (Rs.5.75 per warrant) and must pay the balance Rs.17.25 within 18 months on conversion into equity shares. Promoter Dantapally Vijaysen Reddy received 36,89,304 warrants (about 50.7% of the issue) with consideration set off against an outstanding loan of Rs.2.12 crore, while 36,00,262 warrants were allotted to 9 non-promoter allottees for a total cash consideration of about Rs.2.06 crore. The allotment will raise the paid-up equity capital from 6,99,35,791 shares to 7,72,05,357 shares, a dilution of roughly 10.4% on full conversion, and the securities are subject to SEBI ICDR lock-in restrictions.
Existing shareholders face about 10.4% dilution on full warrant conversion, but promoter participation via loan adjustment signals board confidence in the company. The actual cash inflow of around Rs.2.06 crore is modest, and the SEBI-mandated lock-in should limit near-term supply pressure on the stock.