Allotment of 20,00,000 fully paid-up Equity Shares of Rupees 10/- each upon conversion of warrants into Equity shares, on Preferential Basis

Saptak Chem and Business Limited's Board approved the allotment of 20 lakh equity shares of Rs.10 each to four non-promoter warrant holders upon exercise of their conversion rights. Each allottee—Akshay Shah HUF, Jayshree Jain, HMM Consultancy LLP, and Ankush Agarwal HUF—received 5 lakh shares. The conversion was at Rs.10.50 per warrant, with the company receiving Rs.1.575 crore (Rs.7.875 per share) as the balance 75% payment. Prior to this, these allottees held zero shares; post-allotment, they collectively own 65.08% of the expanded share capital. The paid-up capital rose from Rs.1.07 crore to Rs.3.07 crore. An additional 20 lakh warrants remain outstanding for future conversion.