Almondz Global Securities Limited has received in-principle approval from the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) for a proposed preferential issue of 1,63,18,538 equity shares to its promoters. The approvals, granted under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, allow the company to convert an unsecured loan aggregating to ₹25,00,00,000 into equity. The issue price is set at not less than ₹15.32 per share. This capital restructuring aims to strengthen the company’s balance sheet by converting debt into equity, thereby reducing leverage while enhancing promoter holding.

The regulatory clearances were communicated through BSE letter No. LOD/PREF/SS/FIP/459/2026-27 dated July 23, 2026, and NSE letter Ref: NSE/LIST/54555 dated July 23, 2026. Ajay Pratap, Director Legal & Corporate Affairs and Company Secretary, filed the intimation with both exchanges on July 24, 2026, pursuant to Regulation 30 of the SEBI Listing Regulations. The filings confirm that the allottees are the promoters of the company, and the mode of consideration is strictly the conversion of existing unsecured loans.

Key Parameters of the Preferential Issue

The following table outlines the specific details of the proposed securities issuance:

Compliance and Listing Obligations

Both exchanges have clarified that the in-principle approval does not constitute final approval for the listing of these securities. Almondz Global Securities must separately comply with listing formalities upon allotment. The company is required to file the listing application within twenty days from the date of allotment, as mandated by Schedule XIX – Para (2) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023. Failure to adhere to this timeline may attract fines as specified in the circular.

Internal Controls and Allottee Undertakings

To prevent market abuse, both BSE and NSE have directed the company to strengthen internal controls monitoring trades executed by the proposed allottees prior to allotment. Specifically, Almondz Global Securities must:

• Obtain an undertaking from the promoters confirming they will not engage in intra-day trading or any sale of the company’s scrip until the allotment date, in compliance with Chapter V of the SEBI ICDR Regulations.
• Ensure that the responsibility for verifying this undertaking and ensuring compliance with Regulation 167(6) of the SEBI ICDR Regulations, 2018, rests solely with the issuer company.
• Note that any non-compliance observed by the exchanges post-verification may impact the listing of such shares.

The exchanges reserve the right to withdraw the in-principle approval if the submitted information is found to be incomplete, incorrect, misleading, or false, or if it contravenes any applicable rules, bye-laws, or regulations issued by statutory authorities including SEBI, RBI, and MCA.

Almondz Global Securities Ltd has secured shareholder approval for the appointment of key personnel to its Board through a postal ballot process concluded on July 7, 2026. The resolutions to appoint Mrs. Neelu Jain as an Independent Director and Mr. Rajeev Kumar as a Director and Whole-Time Director were passed with a 99.83% majority. This governance move strengthens the company's leadership structure as it moves forward with its strategic objectives.

The e-voting process, conducted in accordance with Regulation 30 and 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, commenced on June 8, 2026. Ms. Ashu Gupta, a Practising Company Secretary, was appointed as the Scrutinizer to oversee the fairness and transparency of the voting process. The results were declared on July 8, 2026, confirming the approval of all three proposed resolutions.

Voting Results Summary

The postal ballot saw participation from 155 members, with a total of 95,335,116 valid votes polled. The detailed breakdown of the voting results across the three resolutions is presented below:

Key Appointments Approved

The shareholders approved the appointment of Mrs. Neelu Jain (DIN: 00227058) as an Independent Director. Additionally, Mr. Rajeev Kumar (DIN: 00270046) was appointed as a Director on the Board, retirable by rotation, and as a Whole-Time Director designated as Director-Finance & CFO. These appointments were passed via special resolutions, indicating the significance of these roles in the company's governance framework.

The Scrutinizer's report confirmed that the remote e-voting was conducted fairly, with Central Depository Services (India) Limited (CDSL) acting as the authorized agency. A total of 105 invalid votes were recorded for the resolutions concerning Mr. Rajeev Kumar, primarily from the Public-Non Institutions category. The company has now finalized these leadership changes following the requisite regulatory approvals.