Almondz Global Securities Submits Revised Shareholding Pattern Following NSE Observations
Almondz Global Securities has submitted a revised shareholding pattern to NSE and BSE following regulatory observations about the treatment of 15,078,408 unallotted equity shares. The corrected pattern shows promoter group holding 88,878,130 shares (51.18% pre-issue, 48.93% post-issue) with total equity base of 173,646,754 shares expanding to 181,646,754 shares post-allotment.
*this image is generated using AI for illustrative purposes only.
Almondz Global Securities Limited has submitted a revised shareholding pattern to stock exchanges following observations from the National Stock Exchange of India (NSE). The company made this regulatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on April 8, 2026.
Background of NSE Observations
The company had filed applications with both NSE and BSE Limited seeking in-principle approval for a proposed preferential issue of convertible warrants. This proposal received shareholder approval at an Extra-Ordinary General Meeting (EGM) held on March 27, 2026. Subsequently, NSE raised observations regarding certain disclosures made in the Explanatory Statement to the EGM Notice, specifically concerning the shareholding pattern presentation.
Key Issue Identified
The primary concern relates to the treatment of 15,078,408 equity shares in the shareholding pattern calculations. These shares were originally reflected under the pre-issue shareholding pattern but had not been actually allotted as of the notice date. The proposed allotment has since been withdrawn, making these shares no longer required to be considered in either pre-issue or post-issue shareholding patterns.
Revised Pre-Issue and Post-Issue Shareholding Pattern
The company has provided updated shareholding patterns showing the corrected position as of February 20, 2026:
Promoters & Promoter Group:
| Entity | Pre-Issue Shares | Pre-Issue % | Post-Issue Shares | Post-Issue % |
|---|---|---|---|---|
| Avonmore Capital & Management Services Limited | 87,408,454 | 50.34% | 87,408,454 | 48.12% |
| Rakam Infrastructure Pvt Ltd | 1,366,676 | 0.79% | 1,366,676 | 0.75% |
| Navjeet Singh Singh HUF | 100,000 | 0.06% | 100,000 | 0.06% |
| Manpreet Singh | 3,000 | 0.00% | 3,000 | 0.00% |
| Sub-Total | 88,878,130 | 51.18% | 88,878,130 | 48.93% |
Non-Promoter Categories:
| Category | Pre-Issue Shares | Pre-Issue % | Post-Issue Shares | Post-Issue % |
|---|---|---|---|---|
| New Investor-Nandakumar Padma | 9,000 | 0.01% | 8,009,000 | 4.41% |
| Resident Individual | 72,115,420 | 41.53% | 72,115,420 | 39.70% |
| H U F | 2,433,409 | 1.40% | 2,433,409 | 1.34% |
| NRI Repatriable | 337,166 | 0.19% | 337,166 | 0.19% |
| NRI Non Repatriable | 1,383,353 | 0.80% | 1,383,353 | 0.76% |
| Body Corporate | 8,418,946 | 4.85% | 8,418,946 | 4.63% |
| Sub-Total | 84,768,624 | 48.82% | 92,768,624 | 51.07% |
| TOTAL | 173,646,754 | 100.00% | 181,646,754 | 100.00% |
Company's Clarification
Almondz Global Securities emphasized that this clarification pertains solely to shareholding pattern disclosure and does not impact the validity or outcome of resolutions approved by shareholders at the EGM. The revised shareholding pattern assumes full exercise of warrants into equity shares, excluding any issue of equity shares on account of employee stock options.
Regulatory Compliance
The revised shareholding pattern has been submitted to both stock exchanges and will be made available on the company's website for stakeholder information. This action demonstrates the company's commitment to maintaining accurate disclosure standards and promptly addressing regulatory observations to ensure transparency in corporate governance practices.
Historical Stock Returns for Almondz Global Securities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.94% | +17.94% | -1.48% | -22.18% | -40.90% | +192.89% |
Will the corrected shareholding pattern affect Almondz Global Securities' ability to secure regulatory approvals for future preferential issues?
How might the dilution of promoter shareholding from 51.18% to 48.93% impact the company's corporate governance and decision-making processes?
What strategic initiatives could Almondz Global Securities pursue with the capital raised from the convertible warrants exercise?
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