Krishan Kumar Aggarwal, a promoter of Fruition Venture Limited, reported a decrease in his shareholding by 2.60% to 33.99% following the conversion of warrants into equity shares. The change occurred on June 25, 2026, due to the allotment of 6,00,000 equity shares to promoters and non-promoters. This conversion of warrants diluted the promoter's stake as the total equity share capital of the company increased.

The disclosure was made to BSE Ltd under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to the conversion, Aggarwal held 14,63,581 shares, representing 36.59% of the total share capital. Following the allotment, his holding increased to 15,63,581 shares, but the percentage ownership dropped due to the expansion of the equity base.

The total equity share capital of Fruition Venture Limited rose from 4,00,00,000 to 4,60,00,000 shares after the conversion. The total diluted share capital, assuming full conversion of outstanding warrants, stands at 6,50,00,000 shares. The mode of acquisition was the allotment of equity shares against the conversion of warrants.

Other members of the promoter group also saw changes in their holdings. Nitin Aggarwal's holding adjusted to 14.58%, while Aayush Aggarwal held 1.09% of the total share capital post-conversion. The combined promoter group holding after the transaction stood at 49.65% of the total share capital.

Shareholding Details

Fruition Venture Limited has accepted the resignation of Shefali Kesarwani as a Non-Executive Independent Director, effective from the close of business hours on June 25, 2026. The resignation was submitted due to personal commitments and preoccupation with other activities, including positions on relevant Board Committees. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company confirmed that Kesarwani provided a declaration stating there are no material reasons for her resignation other than those cited in her letter. The Board placed on record its appreciation for her contributions during her tenure. The regulatory filing was signed by Nitin Aggarwal, Managing Director.

Kesarwani holds directorships in several other listed entities, including Kundan Minerals and Metals Limited, Kundan & Zeya Limited, Sapphire Media Limited, and Vista Furnishing Limited. In her roles at Sapphire Media Limited and Vista Furnishing Limited, she serves as Chairperson and Member of the Audit and Nomination & Remuneration Committees, respectively.

The following table outlines the key details of the board change: