Homre Limited has determined the floor price for its proposed preferential issue of fully convertible warrants (FCWs) at ₹2.31 per warrant. The company announced the pricing on August 26, 2026, citing August 25, 2026, as the relevant date for valuation under SEBI ICDR Regulations.

The issue aims to raise aggregate consideration of approximately ₹12.50 crore. The company plans to allot 5,41,12,553 FCWs on a preferential basis. Each warrant carries a face value of ₹1 and is convertible into one equity share of the same face value.

Issue Details

The pricing mechanism adheres to the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The floor price serves as the minimum issue price; the actual allotment price will not be lower than this threshold.

Regulatory Compliance

The intimation was issued to BSE Limited by Bharat Singh Bisht, Whole-Time Director. The proposal is subject to necessary statutory, regulatory, and other approvals before finalization. The company previously operated under the name Triton Corp Limited.

Homre Limited approved a preferential issue of fully convertible warrants (FCWs) worth up to ₹12.50 crore during its board meeting held on August 19, 2026. The issuance is structured as a private placement under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Each warrant will be convertible into one equity share of the company.

The board also approved the introduction of the HOMRE ESOP 2026 scheme, which covers up to 3 crore employee stock options. These options are convertible into one equity share each with a face value of ₹1. The exercise price and vesting schedule will be determined by the Nomination and Remuneration Committee in accordance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Warrant Issuance Details

The FCW issue involves eight investors, comprising both promoter and non-promoter groups. The post-issue shareholding pattern assumes full conversion of the warrants based on the issue price determined with reference to August 25, 2026.

Other non-promoter investors include Mrs. Kusha Dipeshkumar Chauhan, Dipeshkumar Valamjibhai Chauhan HUF, Mrs. Krutika Divyesh Chauhan, and Mr. Divyesh Valamjibhai Chauhan. Their holdings are projected to increase from less than 0.25% individually to between 0.24% and 0.51% post-conversion.

Key Terms and Conditions

Warrant holders may exercise their rights in one or more tranches within 18 months from the date of allotment. Unexercised warrants will lapse after this period, and the subscription amount will be forfeited as per SEBI ICDR Regulations. The issue price is determined in accordance with applicable provisions with reference to the relevant date.

Both the preferential issue and the ESOP scheme are subject to shareholder approval and other statutory regulatory approvals. The company has scheduled its 36th Annual General Meeting for September 24, 2026, to be conducted via Video Conferencing or Other Audio Visual Means.

Administrative Appointments

The board appointed M/s. Datt Ganesh & Associates as Secretarial Auditor for FY26-27 and M/s. S. Lal & Company as Internal Auditor for the same financial year. Mr. Ajay Kumar Choudhary was appointed as Scrutinizer for the upcoming AGM e-voting process. The Register of Members and Share Transfer Books will remain closed from September 19, 2026, to September 24, 2026.