Cranex Limited Allots 14.5 Lakh Equity Shares Upon Warrant Conversion, Forfeits 7.6 Lakh Warrants

Cranex Limited announced significant developments in its equity structure through warrant conversion and forfeiture activities on April 24, 2026. The company's Board of Directors approved the allotment of 14,50,000 equity shares upon warrant conversion while simultaneously forfeiting 7,60,000 warrants due to non-exercise by warrant holders.

Equity Share Allotment Details

The company allotted 14,50,000 equity shares of face value Rs. 10 each at an issue price of Rs. 102 per share, including a premium of Rs. 92 each. The allotment was made to eight investors across promoter and non-promoter categories.

Allottee Category	Name	Shares Allotted
Promoter	Chaitanya Agrawal	4,00,000
Promoter Group	Amitabh Agrawal	3,00,000
Non-Promoter	Securocrop Securities India Private Limited	4,00,000
Non-Promoter	Saket Agarwal	1,50,000
Non-Promoter	Sangeeta Pareekh	90,000
Non-Promoter	Vidhi Bansal Gupta	50,000
Non-Promoter	Vivek Sawhney	40,000
Non-Promoter	Amit Kumar	20,000
Total		14,50,000

Impact on Share Capital Structure

Following the warrant conversion, the company's paid-up equity share capital increased substantially from Rs. 6,57,00,000 to Rs. 8,02,00,000. The total number of equity shares now stands at 80,20,000 shares of face value Rs. 10 each. The newly allotted shares will be issued in dematerialized form and rank pari-passu with existing equity shares.

Shareholding Changes Post-Allotment

The warrant conversion resulted in notable changes to the shareholding pattern of key investors:

Investor	Pre-Holding	Pre %	Post-Holding	Post %
Chaitanya Agrawal	1,90,000	2.89%	5,90,000	7.36%
Amitabh Agrawal	Nil	Nil	3,00,000	3.74%
Securocrop Securities India Private Limited	Nil	Nil	4,00,000	4.99%
Saket Agarwal	Nil	Nil	1,50,000	1.87%

Warrant Forfeiture

Simultaneously, the company forfeited 7,60,000 warrants due to non-exercise of conversion option within the stipulated 18-month period ending April 24, 2026. Seven warrant holders failed to convert their warrants into equity shares, resulting in forfeiture of the 25% amount paid at the time of warrant allotment.

Warrant Holder	Warrants Forfeited
Gaurav Singh	2,10,000
Bhavya Jain	2,05,000
Doshi Sagar Hareshkumar	1,00,000
Parth Shah	1,00,000
Niveshaay Hedgehogs LLP	1,00,000
Priti Mehul Gandhi	35,000
Urban Botanics Private Limited	10,000
Total	7,60,000

The forfeiture was executed as per Regulation 169(3) of Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The warrants were originally issued at Rs. 102 per warrant with warrant holders having paid 25% of the amount at allotment.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.04%	+10.28%	+20.07%	+0.35%	-15.60%	+831.07%

Cranex Limited has notified the Bombay Stock Exchange that it does not fall under the category of "Large Corporate" as defined by SEBI regulations, thereby exempting it from specific disclosure requirements for the financial year ended March 31, 2026.

Regulatory Compliance Notification

The company filed its non-applicability disclosure on April 6, 2026, addressing the requirements under multiple SEBI circulars related to fund raising through debt securities by Large Entities. The notification was signed by Heena Sharma, Company Secretary and Compliance Officer.

Parameter:	Details
Filing Date:	April 6, 2026
Financial Year:	Ended March 31, 2026
Classification:	Not a Large Corporate
Disclosure Status:	Non-applicable

SEBI Circular References

The company's notification references three key SEBI circulars that establish the framework for disclosure requirements:

SEBI Circular No SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018
SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 (updated as on April 13, 2022)
SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023

Disclosure Exemption Details

Since Cranex Limited does not meet the criteria for classification as a Large Corporate under para 2.2 of the relevant SEBI circular, the following requirements are not applicable to the company:

Initial Disclosure requirements
Annual Disclosure requirements

The company has requested the stock exchange to take this information on record, ensuring compliance with regulatory notification requirements while confirming its exemption status from the specified disclosure obligations for FY26.