Almondz Global Securities has secured in-principle approval from BSE Limited and National Stock Exchange of India Limited to issue 80,00,000 warrants to non-promoters on a preferential basis. The warrants are convertible into an equal number of fully paid-up equity shares with a face value of ₹1 each. The issue price is set at not less than ₹16.58 per equity share. This capital raise is subject to the company fulfilling all regulatory conditions and obtaining necessary statutory approvals.

The approvals, referenced under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, were communicated via letters dated June 19, 2026. BSE referenced its letter number LOD/PREF/PB/FIP/410/2026-27, while NSE cited reference number NSE/LIST/53806. The exchanges clarified that this in-principle approval does not constitute a final approval for listing, and the company must submit a separate listing application after allotment.

Conditions and Compliance Requirements

The exchanges have mandated specific conditions to ensure regulatory compliance. Almondz Global Securities is required to file the listing application without delay following the allotment of securities. The company must also adhere to the provisions of the Companies Act, 2013, the Securities Contracts (Regulation) Act, 1956, and Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations).

A critical requirement involves strengthening internal controls to monitor trades executed by the proposed allottees. The company must obtain an undertaking from allottees confirming they will not engage in intra-day trading or sell any shares in the company until the allotment date. The onus of verifying this compliance lies solely with the issuer, and any non-compliance observed post-allotment could impact the listing of the shares.

Issue Details

The following table outlines the key parameters of the proposed preferential issue:

The exchanges have reserved the right to withdraw the in-principle approval if any information provided is found to be incomplete, incorrect, or misleading. Additionally, the company must ensure that the listing application is made within twenty days from the date of allotment, as per SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023.

Promoter Gurpreet Sobti has confirmed holding NIL shares in Almondz Global Securities Ltd as on March 31, 2026, with no encumbrance created during the financial year. The disclosure, submitted in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, verifies that no charges, pledges, or hypothecation were made on these shares directly or indirectly in FY26. This filing provides transparency regarding the holding status of the promoter group entity.

Separately, Avonmore Capital & Management Services Ltd, another promoter, declared holding 8,74,08,454 shares with no encumbrance as on the same date. The disclosure, submitted by Sonal, Company Secretary & Compliance Officer, confirmed that no encumbrance was created on the shares during the financial year ended March 31, 2026.

Innovative Money Matters Private Limited disclosed that it holds NIL shares in the company as on March 31, 2026. The declaration, signed by Navjeet Singh Sobti, Director, confirmed that the entity has not created any encumbrance on the said shares during FY26.

Rakam Infrastructures Private Limited, also part of the promoter group, confirmed holding 13,66,676 shares with no encumbrance as on March 31, 2026. The entity verified that no charge was created on these shares during the financial year. These communications were addressed to the General Manager of Listing & Corporate Relations at BSE Ltd, the Listing Department at National Stock Exchange of India Ltd, and the Audit Committee of Almondz Global Securities Ltd.

Key Details of the Disclosure