Alphalogic Techsys confirms e-voting dates for ₹5.40 crore warrant issue
Alphalogic Techsys Limited has initiated a postal ballot to approve the preferential allotment of 18,00,000 convertible warrants to Vivaro Enterprises Limited for ₹5.40 crore. The remote e-voting period is open from July 24 to August 22, 2026, with results expected by August 27. The funds will primarily support working capital needs.
*this image is generated using AI for illustrative purposes only.
Alphalogic Techsys Limited has published newspaper advertisements in Financial Express and Loksatta to confirm the completion of dispatching notices for its postal ballot process. The ballot seeks shareholder approval for the preferential allotment of 18,00,000 fully convertible warrants to Vivaro Enterprises Limited to raise ₹5.40 crore. This disclosure ensures transparency regarding the remote e-voting timeline and eligibility criteria for shareholders participating in the resolution.
The Board of Directors approved the proposal on July 23, 2026, in compliance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the Companies Act, 2013. The warrants are priced at ₹30 each, comprising a face value of ₹5 and a premium of ₹25. They are convertible into equity shares within 18 months from allotment. Vivaro Enterprises, categorized as a Non-Promoter allottee, will hold 2.79% of the post-conversion equity capital upon conversion.
Remote e-voting commences on July 24, 2026, at 09:00 A.M. IST and concludes on August 22, 2026, at 5:00 P.M. IST. Only members registered as of the cut-off date, July 17, 2026, are eligible to vote. The company has engaged National Securities Depository Limited (NSDL) to facilitate the electronic voting process. Shareholders holding physical shares without registered email IDs must update their details with the Registrar and Transfer Agent, Bigshare Services Private Limited, to participate.
The proceeds from the issue will be utilized primarily for working capital requirements amounting to ₹4,18,50,000 and general corporate purposes totaling ₹1,21,50,000. The relevant date for determining the minimum issue price is July 23, 2026. Ms. Sheetal Chanchlani, Practicing Company Secretary, has been appointed as the Scrutinizer to oversee the voting process. The results will be declared on or before August 27, 2026.
| Particulars | Details |
|---|---|
| Allottee | Vivaro Enterprises Limited |
| Category | Non-Promoter |
| Number of Warrants | 18,00,000 |
| Issue Price | ₹30 per Warrant |
| Total Amount | ₹5,40,00,000 |
| Conversion Period | 18 months from allotment |
| Post-issue Holding | 2.79% of equity capital |
The warrants are subject to adjustment in the event of corporate actions such as bonus issues, rights issues, stock splits, or mergers during their tenure. This capital raise aims to strengthen the company’s working capital position while maintaining existing promoter control, given the modest dilution impact post-conversion.
Historical Stock Returns for Alphalogic Techsys
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.68% | -1.86% | -7.49% | +0.78% | -54.78% | +182.93% |
How might the infusion of ₹5.40 crore for working capital impact Alphalogic Techsys's liquidity ratios and operational efficiency in the next fiscal year?
What strategic rationale does Vivaro Enterprises have for acquiring convertible warrants, and could this signal future operational synergies or a larger stake acquisition?
Given the 18-month conversion window, how might market volatility between now and 2028 influence the final equity dilution and shareholder value?
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