Bizotic Commercial Limited's board of directors has approved the allotment of 13.38 lakh fully paid-up equity shares through the conversion of convertible warrants, marking a significant milestone in the company's ongoing fundraising activities. The board meeting was held on March 30th, 2026, at the company's registered office in Ahmedabad, Gujarat, commencing at 5:30 PM and concluding at 6:00 PM.

Major Warrant Conversion Details

The company successfully converted 13.38 lakh convertible warrants out of a total of 16.02 lakh warrants into equity shares at an issue price of ₹290.00 per share, including a premium of ₹280.00 per share and face value of ₹10.00 per share. The conversion was completed upon receipt of the balance 75.00% of the issue price, aggregating to ₹29.10 crore from promoter and promoter group entities.

Allottee-wise Distribution

The warrant conversion involved five promoter and promoter group entities, with Ms. Sangita Anmol Aggarwala being the largest individual allottee. The allotment strengthens the promoter group's stake in the company while providing substantial capital infusion.

Impact on Share Capital

Consequent to the warrant conversion, the company's paid-up equity share capital has increased substantially from ₹8.04 crore consisting of 80.40 lakh equity shares to ₹9.38 crore consisting of 93.78 lakh equity shares. The newly allotted equity shares will rank pari passu with existing equity shares in all respects.

Shareholding Pattern Changes

The conversion has resulted in significant changes to the shareholding pattern, with Ms. Sangita Anmol Aggarwala's stake adjusting from 69.97% to 62.68% of the total equity shares. The promoter group entities have established their positions in the company through this conversion process.

Regulatory Compliance and Next Steps

The allotment was made in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company will make an application to the stock exchange for listing and trading of the newly issued equity shares in due course, ensuring full compliance with regulatory requirements.

Bizotic Commercial Limited's Board of Directors has approved the receipt of the fourth tranche consideration for convertible warrants allotment during their meeting held on March 19, 2026. The board meeting commenced at 10:45 AM and concluded at 11:20 AM at the company's registered office in Ahmedabad, Gujarat.

Warrant Payment Details

The company received a substantial payment for the fourth tranche of convertible warrants from its promoter group entity. The transaction represents a significant capital infusion as part of the ongoing warrant allotment process.

Warrant Specifications

The convertible warrants were issued under specific terms and pricing structure as part of the preferential allotment to promoter group entities. The warrants carry attractive terms for the allottees.

Regulatory Compliance

The warrant allotment and payment receipt were conducted in full compliance with regulatory requirements. The board's decision follows previous meetings held on February 21, 2026, and February 23, 2026, indicating a structured approach to the warrant allotment process.

Key regulatory aspects include:

• Compliance with Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Adherence to Chapter V provisions of SEBI (ICDR) Regulations, 2018
• Preferential allotment to promoter and promoter group category entities
• Cash consideration basis for warrant allotment

Corporate Governance

The board meeting was conducted at the company's registered office located at 15, Ashwamegh Warehouses, Ujala Circle, Sarkhej, Ahmedabad, Dascroi, Gujarat. The decision was formally communicated to BSE Limited as part of the company's disclosure obligations, demonstrating adherence to corporate governance standards and transparency requirements.