Almondz Global Securities approves demerger of infrastructure advisory business
- Board approves demerger of Infrastructure Advisory Business into separate listed entity
- Demerged unit contributed ₹292.01 lakh turnover, or 4.58% of total, in FY26
- Shareholders get 666 new shares for every 10,000 held in parent company
- AGM scheduled for September 30, 2026; NCLT approval required
*this image is generated using AI for illustrative purposes only.
Almondz Global Securities Limited approved a scheme to demerge its Infrastructure Advisory Business into Almondz Global Infra Consultant Limited. The board also fixed September 30, 2026, as the date for the annual general meeting.
The decision was taken at the board meeting held on August 24, 2026, under Regulation 30 of the SEBI Listing Regulations. The scheme requires approval from the National Company Law Tribunal and other statutory authorities.
Demerger Details
The Infrastructure Advisory Business generated turnover of ₹292.01 lakh in FY26, accounting for 4.58% of the listed entity’s total standalone turnover. The demerged undertaking includes all assets, liabilities, and operations related to consultancy and advisory services in the infrastructure segment.
| Metric | FY26 Value |
|---|---|
| Demerged Division Turnover | ₹292.01 lakh |
| % of Total Turnover | 4.58% |
Rationale and Benefits
The company stated that the infrastructure advisory business involves long gestation periods and distinct risk profiles compared to its stock broking operations. Separating the units aims to enable focused management, streamlined decision-making, and operational independence.
Key benefits cited include:
- Greater autonomy for the resulting company in capital raising and risk management
- Ability to attract investors with specific interest in infrastructure advisory
- Enhanced talent retention through specialized workforce management
- Improved transparency and corporate governance for stakeholders
Share Exchange Ratio
Shareholders of Almondz Global Securities will receive 666 equity shares of Almondz Global Infra Consultant Limited for every 10,000 equity shares held. The resulting company will seek listing on stock exchanges post-demerger.
Warrant holders will receive 666 convertible warrants of the resulting company (issue price ₹57.17) for every 10,000 outstanding warrants of the demerged company (existing issue price ₹16.58).
Shareholding Pattern
The promoter holding in Almondz Global Securities remains unchanged at 55.01%. The public shareholding stands at 44.99%.
In the resulting company, promoters will hold 68.49% post-scheme, while public shareholders will hold 31.51%.
| Entity | Promoter Holding | Public Holding |
|---|---|---|
| Almondz Global Securities | 55.01% | 44.99% |
| Almondz Global Infra Consultant (Post-Scheme) | 68.49% | 31.51% |
The company has issued 80,00,000 unlisted convertible share warrants at ₹16.58 each, outstanding as on June 30, 2026. These are convertible into equity shares within 18 months.
Historical Stock Returns for Almondz Global Securities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.28% | -0.70% | +9.23% | -10.30% | -33.80% | +20.54% |
How might the separation of the infrastructure advisory business impact Almondz Global Securities' valuation multiples and stock price volatility in the near term?
What are the specific timelines and potential hurdles for obtaining NCLT approval, and could any regulatory delays affect the proposed September 2026 AGM schedule?
Will the resulting company, Almondz Global Infra Consultant, pursue independent capital raising or strategic partnerships to accelerate growth given its distinct risk profile?
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