Almondz Global Securities Limited has submitted copies of newspaper publications to BSE and NSE regarding the corrigendum issued for its Extraordinary General Meeting scheduled for March 27, 2026. The submission, made on March 14, 2026, ensures compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Publication Requirements

The company filed the newspaper publication copies under Regulation 30 read with Part A of Schedule III of SEBI (LODR) Regulations, 2015. The corrigendum was published in Financial Express (English) and Pratalkal (Marathi) newspapers on March 14, 2026, informing shareholders about corrections to the original EGM notice dated February 25, 2026.

Key EGM Details and Corrigendum Purpose

The Extraordinary General Meeting will be conducted on March 27, 2026 through Video Conferencing or Other Audio Visual Means. The corrigendum addresses inadvertent errors in the original notice and incorporates regulatory observations from the National Stock Exchange regarding the proposed preferential issue of convertible warrants.

Previous Regulatory Developments

The company had earlier received observations from NSE directing it to rectify and provide disclosure of a revised valuation report, necessitating an announcement under Regulation 30 of the SEBI (LODR) Regulations, 2015. The revised valuation report addresses regulatory requirements for the preferential warrant issue and has been made available on the company's website.

Document Submission and Compliance

The newspaper publication submission was signed by Ajay Pratap, Director Legal & Corporate Affairs & Company Secretary (DIN: 10805775), ensuring proper authorization and compliance. The company maintains its registered office at Level-5, Grande Palladium, 175, CST Road, Off BKC Kalina, Santacruz(E), Mumbai-400098, Maharashtra, and corporate office at F-33/3 Okhla Industrial Area Phase-II, New Delhi-110020.

The submission demonstrates the company's commitment to maintaining transparency and regulatory compliance throughout the EGM process, ensuring all shareholders receive proper notification of the meeting details and proposed resolutions.

Almondz Global Securities Limited has scheduled an Extra-Ordinary General Meeting (EGM) for March 27, 2026, to seek shareholder approval for the issuance of convertible warrants worth Rs. 13,26,40,000. The meeting follows the board's earlier approval on February 25, 2026, for capital-raising initiatives totaling Rs. 38.26 crore.

EGM Details and Warrant Proposal

The EGM will be held on Friday, March 27, 2026, at 11:00 AM (IST) through Video Conference (VC) and Other Audio Visual Means (OAVM). The primary agenda involves approving the issuance of up to 80,00,000 fully convertible warrants at Rs. 16.58 per warrant to non-promoter Nandakumar Padma.

Warrant Terms and Conversion Details

The convertible warrants carry specific terms designed to provide flexibility for the allottee while ensuring compliance with regulatory requirements:

Pricing Methodology and Regulatory Compliance

The warrant price of Rs. 16.58 represents the floor price as per Regulation 164 of Chapter V of the SEBI ICDR Regulations. This pricing is based on the higher of the 90-day volume weighted average price (Rs. 16.58), 10-day volume weighted average price (Rs. 15.58), and independent registered valuer assessment (Rs. 13.84).

The relevant date for pricing determination is February 24, 2026, being 30 days prior to the EGM date. The company has obtained a valuation report from Ms. Rupinder Kaur, an independent registered valuer (Reg. No. IBBI/RV/06/2023/15227).

Payment Structure and Exercise Rights

The warrant structure follows a two-stage payment mechanism:

• 25% of consideration (Rs. 3,31,60,000) payable at allotment
• Remaining 75% (Rs. 9,94,80,000) payable upon conversion
• Each warrant convertible into one equity share of Rs. 1 face value
• Unexercised warrants will lapse after 18 months with forfeiture of initial payment

Shareholding Impact and Fund Utilization

Upon full conversion, Nandakumar Padma's holding will increase from 9,000 shares (0.005%) to 80,09,000 shares (4.07%). The funds will be utilized for working capital requirements (Rs. 8,00,00,000), proprietary trading activities (Rs. 3,50,00,000), and general corporate purposes (Rs. 1,76,40,000).

Board Approvals and Previous Initiatives

The board had earlier approved equity share issuance worth Rs. 25,00,00,000 through loan conversion to promoter Avonmore Capital & Management Services Limited. This involved issuing 1,50,78,408 equity shares at Rs. 16.58 per share, increasing Avonmore's shareholding from 50.34% to 54.30%.

Both proposals require necessary approvals from shareholders and regulatory authorities, including BSE Limited and National Stock Exchange of India Limited, ensuring compliance with the Companies Act, 2013, and SEBI Listing Regulations.