Ecofinity Atomix Limited has scheduled an Extra-Ordinary General Meeting (EGM) for September 16, 2026, to seek shareholder approval for a preferential allotment of convertible equity warrants. The company plans to raise ₹16.61 crore through the issuance of 23.9 lakh warrants at ₹69.50 each.

The Board of Directors approved the capital raise in its meeting on August 24, 2026, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The proceeds are earmarked for the installation of solar power plants (70%) and general working capital requirements (30%).

Deal Structure and Pricing

The issue price of ₹69.50 per warrant includes a premium of ₹59.50 over the face value of ₹10. This pricing is based on the volume-weighted average price of the preceding 10 trading days prior to the relevant date of August 17, 2026, which was ₹69.19. The floor price determined under Chapter V of the SEBI ICDR Regulations was ₹69.19.

Each warrant is convertible into one fully paid-up equity share within 18 months of allotment. Investors must pay 25% of the issue price at subscription, with the balance 75% payable upon exercise. Unexercised warrants will lapse after 18 months, with amounts forfeited by the company.

Investor Participation

Eighteen investors from promoter and non-promoter categories have agreed to subscribe to the issue. Promoter participation includes Pradfullchandra Vitthalbhai Patel (2,76,000 warrants) and Jashvantbhai Shankarlal Patel (1,83,000 warrants).

Among non-promoters, Patel Shivlal Kuberbhai is the largest subscriber with 4,00,000 warrants. Other significant allocations include Priyam Shah HUF (3,25,000 warrants), Dilipkumar Ramjibhai Patel (3,00,000 warrants), and Surendra Nemchand Shah HUF (2,75,000 warrants).

What the Numbers Show

Promoter participation accounts for approximately 25% of the total warrant issuance, signaling insider confidence in the capital raise. The remaining 75% is distributed among 16 non-promoter entities, indicating broad investor interest beyond the promoter group. The issue size represents less than 5% of the post-issue fully diluted share capital, exempting it from registered valuer requirements under Companies Act rules.

Strategic Expansions and Borrowing Limits

Alongside the warrant issue, the EGM agenda includes altering the Main Objects Clause of the Memorandum of Association to formally include business activities in renewable energy generation, solar equipment trading, and pump manufacturing. Additionally, shareholders will be asked to approve an increase in borrowing limits up to ₹100 crore and the creation of charges on company assets to secure such borrowings, pursuant to Section 180(1)(a) and (c) of the Companies Act, 2013.

Remote e-voting for the EGM will be available from September 12 to September 15, 2026, with a cut-off date of September 9, 2026.

Aryavan Enterprise Limited has rebranded as Ecofinity Atomix Limited , effective August 05, 2026. The name change follows approval from the Bombay Stock Exchange (BSE) received on August 03, 2026. This corporate action updates the company’s identity across all exchange platforms, with the new abbreviated name "Ecofinity" replacing the previous designation in trading systems. The move signals a strategic shift in branding for the Ahmedabad-based entity, which operates under CIN L52100GJ1993PLC018943.

The intimation was issued by Prafullchandra Patel, Managing Director of Ecofinity Atomix Limited, on August 04, 2026. In the communication to the BSE, Patel confirmed that the company had received the formal approval letter dated August 03, 2026. The notice serves to inform shareholders and members of the updated nomenclature, ensuring clarity for investors holding shares under the previous name. The registered office remains at 308, Shital Varsha Arcade, C G Road, Ahmedabad.

The Bombay Stock Exchange issued Notice No. 20260803-40 on August 03, 2026, confirming the revised implementation date. Initially, the change was scheduled for August 04, 2026, but the exchange adjusted the timeline to August 05, 2026, as per Exchange Notice No. 20260729-12. This adjustment ensures seamless transition for trading members and clearing participants using the BOLT Plus system.

Trading infrastructure updates are critical for maintaining market integrity during corporate actions. The BSE specified that the Scrip Code remains unchanged at 539455, but the Scrip ID for the BOLT Plus system will be updated to "ECOFINITY." Similarly, the abbreviated name on the BOLT Plus system will also reflect "ECOFINITY." These technical changes allow trading members to identify the stock correctly in their order management systems.

The exchange requested all trading members to take note of these changes to avoid any discrepancies in trade execution or settlement processes. The category of the notice is listed as "Company related" within the Equity segment, handled by the Listing Operations department. Marian Dsouza, Assistant Vice President of Listing Compliance and Operations at the BSE, signed the official notice.

Investors should update their records to reflect the new name and abbreviated ticker symbol. While the legal identity of the company transitions from Aryavan Enterprise Limited to Ecofinity Atomix Limited, the underlying securities remain the same. Shareholders do not need to take any action regarding their holdings, but they may observe the new name in their demat accounts and trading terminals from the effective date onward. The company’s contact emails, ecofinity2023@gmail.com and investor.deepti@gmail.com , remain active for investor queries.