Pursuant to Regulation 30 of SEBI LODR Regulations, we hereby inform you that the Board of Directors of the Company at its Board Meeting held today, January 20, 2026, inter-alia considered ....
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Photon Capital Advisors' board approved increasing authorised share capital from Rs. 4 crore to Rs. 6 crore to make room for new issuances. The company also altered its objects clause to foray into AI-native, data-driven, and technology businesses, and to pursue strategic acquisitions and investments. It approved issuing up to 12,07,000 equity shares and up to 19,90,000 convertible warrants on a preferential basis to promoter and non-promoter allottees at Rs. 115 per share/warrant, potentially raising around Rs. 36.76 crore in total. The allotments are subject to shareholder approval at an EGM on February 19, 2026. On a fully diluted basis, the new allottees will collectively hold about 67.87% of the expanded share capital, with a new proposed promoter (Sreeram Reddy Vanga) ending up with a 31.31% stake.
Existing public shareholders will face significant dilution, with their stake shrinking to roughly 32% on a fully diluted basis after both the equity and warrant conversions. The entry of a new promoter and the shift in objects toward AI and tech-focused businesses indicate a major change in business direction and control, which will materially reshape the company's profile going forward.