as per pdf attached.
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Awaiting price reaction for this filing.
The board approved the allotment of 2,37,50,000 equity shares (face value Rs. 1) at an issue price of Rs. 1 each to M/s Pearl Dealers Private Limited, following the conversion of an equal number of warrants originally issued on August 9, 2024 on a preferential basis. The company received Rs. 1,78,12,500 as the balance 75% consideration (Rs. 0.75 per warrant) from the allottee. Post-allotment, Pearl Dealers holds 4.19% of the company's equity, and the paid-up share capital has risen to Rs. 56,61,63,698 (56.62 crore equity shares of Rs. 1 each). Separately, CEO Mr. Satyendra Aryan resigned citing personal reasons effective February 6, 2026, and Mr. Gaurav Garg, with 15+ years of experience in IT and government business development, was appointed as the new CFO on the same date.
The warrant conversion is mildly dilutive, adding roughly 4.19% new equity to a single non-promoter entity and bringing in modest fresh capital of about Rs. 1.78 crore. The sudden exit of the CEO for personal reasons may raise short-term governance concerns, partly offset by the immediate appointment of a new CFO to maintain financial leadership continuity.