Eleganz Interiors Limited has received the 25% upfront consideration for the preferential allotment of 8,00,000 fully convertible warrants to its promoter. The statutory auditor confirmed the receipt of ₹1.66 crore, verifying that the funds were received from the allottee's bank account without any circulation of funds or mere passing of book entries. The warrants, issued at a price of ₹83 each including a premium of ₹73, are convertible into fully paid-up equity shares with a face value of ₹10.

The preferential issue was approved by the Board of Directors at a meeting held on June 2, 2026. Jayesh Sanghrajka & Co LLP, the statutory auditor, provided a limited assurance certificate confirming compliance with Regulation 169(5) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The auditor verified the bank statement dated May 29, 2026, to trace the receipt of funds against the allotment.

The entire tranche of 8,00,000 warrants was allotted to Sameer Akshay Pakvasa, the Managing Director and CEO of Eleganz Interiors Limited. The company confirmed that the consideration was received from the bank account of the person whose name appears first in the application, adhering to regulatory requirements. The accompanying statement of funds was initialled by the auditor for identification purposes.

Breakdown of Warrant Allotment

The certificate issued by the auditor is intended solely for submission to the National Stock Exchange of India Ltd. in connection with the preferential issue. The management of Eleganz Interiors Limited is responsible for the preparation of the statement and the maintenance of all relevant accounting records and internal controls.

Eleganz Interiors Limited has secured a Structured Digital Database (SDD) compliance certificate for the financial year ended March 31, 2026, confirming adherence to insider trading regulations. M/s. KDA & Associates, Practicing Company Secretaries, certified that the company established the necessary digital framework to track Unpublished Price Sensitive Information (UPSI). The certification is mandated under Regulation 3(5) and 3(6) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

The certificate confirms that Eleganz Interiors implemented the SDD effective July 1, 2025. The system captured all 15 UPSI events required to be recorded between July 1, 2025, and March 31, 2026. The database includes controls over access, records the nature of UPSI with date and time stamps, and maintains a non-tamperable audit trail capable of storing records for eight years.

KDA & Associates reported a specific instance of non-compliance prior to the implementation of the current system. The company, which listed on February 14, 2025, inadvertently missed obtaining the SDD software until June 30, 2025. Consequently, relevant entries were not updated until that date. The auditors noted that full compliance with relevant provisions has been observed from July 1, 2025, through the end of the financial year.

The disclosure was submitted to the National Stock Exchange of India Limited (NSE) on May 28, 2026. Sameer Akshay Pakvasa, Managing Director & CEO, signed the submission to the exchange. The compliance certificate was signed by Kaushal Madhusudan Dalal, Partner at KDA & Associates, on May 27, 2026.