Him Teknoforge: Urmil Aggarwal Acquires 3,00,000 Shares Through Warrant Conversion

Him Teknoforge Limited has disclosed a substantial acquisition of shares by promoter group member Urmil Aggarwal under Regulation 29(2) of SEBI Takeover Regulations. The transaction involves the conversion of warrants into equity shares through preferential allotment.

Share Acquisition Details

Urmil Aggarwal acquired 3,00,000 equity shares of Him Teknoforge Limited through warrant conversion on March 14, 2026. The acquisition was executed based on a letter of allotment dated March 16, 2026, with the shares yet to be credited to his demat account. This transaction resulted in Aggarwal holding voting rights equivalent to 2.90% of the company's total equity share capital.

Transaction Parameter:	Details
Shares Acquired:	3,00,000 equity shares
Mode of Acquisition:	Preferential allotment (warrant conversion)
Acquisition Date:	March 14, 2026
Allotment Letter Date:	March 16, 2026
Voting Rights Acquired:	2.90%

Holdings Analysis

The disclosure reveals comprehensive details of Aggarwal's shareholding pattern before and after the acquisition. Prior to this transaction, he held 23,64,992 shares carrying voting rights, representing 24.97% of the total share capital. Additionally, he had 24,52,275 shares under encumbrance and 8,00,000 warrants.

Holding Category:	Before Acquisition	After Acquisition	Change
Voting Rights Shares:	23,64,992 (24.97%)	31,64,992 (30.64%)	+3,00,000
Encumbered Shares:	24,52,275 (25.89%)	24,52,275 (23.73%)	No change
Warrants:	8,00,000	-	Converted
Total Holdings:	56,17,267 (50.86%)	56,17,267 (54.37%)	Same

Company Capital Structure

The warrant conversion resulted in an expansion of Him Teknoforge Limited's equity share capital. The company's total equity share capital increased from 94,71,416 equity shares to 1,03,31,016 equity shares of Rs. 2/- each. This represents an addition of 8,59,600 shares to the total capital base, indicating that multiple warrant holders may have exercised their conversion rights.

Regulatory Compliance

The disclosure has been made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Urmil Aggarwal, identified as a member of the promoter group, submitted the required documentation to both BSE Limited and Him Teknoforge Limited on March 17, 2026. The company's shares are listed on BSE Limited.

Promoter Group Structure

The disclosure identifies an extensive promoter group structure comprising 20 entities, including individual promoters Rajiv Aggarwal and Vijay Aggarwal, multiple family members, HUFs, and corporate entities such as Globe Precision Industries Pvt. Ltd., Him Overseas Pvt. Ltd., Him Chemicals and Fertilisers Pvt. Ltd., and P C Alloys Pvt. Ltd.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.09%	-1.16%	-5.00%	-6.10%	+18.82%	+150.26%

Him teknoforge Limited has announced the allotment of 8,59,600 equity shares through warrant conversion on March 14, 2026. The Board of Directors approved this allotment via circular resolution, following the exercise of conversion rights by warrant holders who paid the requisite consideration amount.

Warrant Conversion Details

The allotment involved three entities converting their warrants at an exercise price of Rs. 131.25 per warrant, representing 75% of the original warrant issue price. The equity shares carry a face value of Rs. 2 each and have been issued as fully paid-up shares.

Allottee	Category	Warrants Allotted	Previously Converted	Current Conversion	Shares Allotted	Consideration (Rs.)
Anju Aggarwal	Promoter Group	6,50,000	1,50,000	5,00,000	5,00,000	6,56,25,000
Urmil Aggarwal	Promoter Group	3,00,000	0	3,00,000	3,00,000	3,93,75,000
M/s Sanmati Advisors	Non-Promoter	1,19,200	59,600	59,600	59,600	78,22,500
Total		10,69,200	2,09,600	8,59,600	8,59,600	11,28,22,500

Share Capital Impact

The warrant conversion has resulted in a significant increase in the company's paid-up equity share capital. The allotted shares will rank pari-passu with existing equity shares in all respects.

Parameter	Shares	Amount (Rs.)
Existing Paid-up Capital	94,71,416	1,89,42,832
Post-Allotment Capital	1,03,31,016	2,06,62,032

Regulatory Compliance

The allotment was conducted in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows the company's earlier intimation dated September 17, 2024, regarding the original warrant allotment of 16,39,200 convertible warrants. The newly allotted equity shares will be subject to lock-in provisions as specified under Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The conversion represents a continuation of the company's capital raising initiative, with the total consideration of Rs. 11,28,22,500 strengthening the company's financial position. The preferential allotment basis ensures that the new shares maintain equal rights and privileges as the existing equity shares of Him Teknoforge Limited.