Fundviser Capital (India) Limited has successfully completed the conversion of 19,85,000 convertible warrants into equity shares following its board meeting held on March 23, 2026. The company raised Rs. 18,23,71,875 through this conversion process, with participation from both promoter and non-promoter categories.

Board Meeting Outcome and Allotment Details

The board of directors approved the allotment of 19,85,000 equity shares of face value Rs. 10 each at a premium of Rs. 112.50 per share. The conversion was completed upon receipt of the remaining 75% payment of Rs. 91.875 per warrant from the warrant holders.

Investor Participation and Category Breakdown

The conversion involved eight warrant holders across promoter and non-promoter categories. Trikaal Theatres & Realty India Private Limited, representing the promoter group, converted the largest portion of warrants.

The non-promoter category included Minerva Ventures Fund with 5,00,000 warrants, Starlink General Trading LLP with 85,000 warrants, and five individual investors with 50,000 warrants each.

Capital Structure Enhancement

Following the successful conversion, the company's paid-up equity share capital increased significantly from Rs. 5,91,50,000 to Rs. 7,90,00,000. The total number of equity shares outstanding rose from 59,15,000 to 79,00,000 shares.

Background of Convertible Warrants Issue

The convertible warrants were originally issued on November 25, 2025, as part of a preferential issue comprising 64,85,000 warrants at Rs. 122.50 each. The current conversion represents approximately 30.6% of the total warrants issued. The original issue was approved through an extraordinary general meeting held on October 28, 2025, and received in-principle approval from BSE Limited.

The company communicated the board meeting outcome to BSE Limited on March 23, 2026, ensuring compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting concluded at 3:45 PM with Chairman & Managing Director Prem Krishan Jain overseeing the proceedings.

Fundviser Capital (India) Limited has issued a correction to its earlier intimation regarding the acquisition of 100% stake in Silver Sage Trading LLC, a UAE-based trading company. The company has revised the acquisition value from ₹1.25 crore to ₹2.50 crore and provided clarification on the target company's business operations.

Corrected Acquisition Details

The correction was submitted on February 19, 2026, addressing two significant changes to the original intimation filed on February 18, 2026. The revised acquisition value includes the takeover of current stocks, bringing the total investment to ₹2.50 crore.

Business Operations Clarification

According to the Commercial Register issued by Government of Dubai under Main License No. 200697 and Article No. 4, Silver Sage Trading LLC operates in general trading activities. The company's scope includes commodities, metals scrap, and electronics trading amongst other permitted activities, providing a broader operational base than initially reported.

Investment Value Revision

The most significant correction pertains to the investment amount. The company acknowledged that the original figure of ₹1.25 crore was incorrectly reported, with the actual investment including stock takeover valued at ₹2.50 crore. This represents a 100% increase from the initially disclosed amount.

Regulatory Compliance and Filing

The correction was filed under Regulation 30 of SEBI (LODR) Regulations, 2015, maintaining transparency with shareholders and regulatory authorities. The filing was signed by Prem Krishan Jain, Chairman and Managing Director, ensuring proper governance procedures for the material correction.

Upon completion, Silver Sage Trading LLC will become a wholly owned foreign subsidiary of Fundviser Capital pursuant to Section 2(87) of the Companies Act, 2013, representing the company's strategic expansion into UAE markets through direct subsidiary operations.