Warrant conversion gives Goonmeet Singh Chauhan an 11.38% stake
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On October 29, 2026, Goonmeet Singh Chauhan received 23,46,901 shares through conversion of fully convertible warrants, taking his holding from no shares to 11.38% of the fully diluted capital. He is not a promoter. Aggregate warrant conversions raised paid-up capital to INR 20.63 crore, comprising 2.06 crore shares.
The warrant conversion dilutes existing shareholders and gives Chauhan a sizeable 11.38% voting stake, although he is not a promoter.