Allotment of 3,85,10,000 warrants pursuant to Preferential Issue

SPARC's Securities Allotment Committee approved and allotted 3,85,10,000 convertible warrants to Shanghvi Finance Private Limited at INR 155.80 per warrant on a preferential basis. The company received INR 149.99 crore as 25% upfront payment (minimum required under SEBI ICDR regulations), with the balance payable upon conversion. Each warrant is convertible into one fully paid-up equity share of face value INR 1. The paid-up capital remains unchanged for now but will increase upon warrant conversion. The preferential issue was approved by the Board on January 14, 2026, and by shareholders at an EOGM on February 9, 2026, with in-principle exchange approvals obtained on May 8, 2026.