Interiors & More accepts VP Sales resignation

Interiors & More Limited has accepted the resignation of Akash Sharma from the position of Vice President - Sales & Marketing, effective July 18, 2026. The company disclosed that the resignation was submitted to pursue better career opportunities and confirmed there were no other material reasons for the departure.

The resignation was tendered via a letter dated June 19, 2026, and became effective at the close of business hours on July 18, 2026. Sharma was categorized as Senior Management Personnel (SMP) of the company. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of Resignation

The following table outlines the key details regarding the change in senior management personnel:

Sr No	Particulars	Details
a)	Reason for change	Resignation of Akash Sharma, Vice President - Sales & Marketing designated as Senior Management Personnel of the Company with effect from close of business hours on July 18, 2026 in order to pursue better career opportunities.
b)	Date of cessation	Resigned with effect from close of business hours on July 18, 2026.
c)	Brief profile	Not Applicable
d)	Disclosure of relationships	Not Applicable

The company has relieved Sharma from his duties effective the stated date. The regulatory reference cited in the filing includes SEBI Master Circular No HO/49/14/14(7)2025-CFDPOD2/1/3762/2026 dated January 30, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.89%	+11.94%	+13.33%	-3.83%	-62.82%	-34.04%

Interiors & More Limited’s board has approved the preferential allotment of 15,54,000 fully convertible warrants to raise ₹27,81,66,000. The warrants, priced at ₹179 each, will be issued to identified promoters and non-promoter investors, subject to shareholder and regulatory approvals. Each warrant is convertible into one equity share with a face value of ₹10, carrying a premium of ₹169.25, and must be converted within 18 months from the date of allotment.

The board convened on July 18, 2026, to finalize the issuance, which will be executed in one or more tranches. The allotment targets six investors, including promoters Rajiv Jhunjunwala and Manish Mohan Tibrewal, and non-promoter entities such as GreteX Corporate Services Limited and Signageus Value Advisors Private Limited. The total proceeds from the issue are expected to aggregate to ₹27,81,66,000.

To facilitate the conversion, the board approved convening an Extraordinary General Meeting (EGM) on August 14, 2026, via video conferencing. Shareholders will vote through e-voting to approve the preferential allotment. M/s D.A. Kamat & Co, Practicing Company Secretaries, has been appointed as the scrutinizer to oversee the remote e-voting process.

The warrants are issued in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013. If the entitlement to apply for equity shares is not exercised within the stipulated 18-month period, the rights attached to the warrants will lapse, and the amount paid will be forfeited by the company.

Details of the Preferential Allotment

Sr No	Name of the Proposed Allottee	Category	No of Equity Warrants	Investment Amount (INR)	Issue Price (INR)
1	Rajiv Jhunjunwala	Promoter	3,88,800	6,95,95,200	179
2	Manish Mohan Tibrewal	Promoter	3,88,200	6,94,87,800	179
3	GreteX Corporate Services Limited	Public	1,99,800	3,57,64,200	179
4	Signageus Value Advisors Private Limited	Public	1,87,200	3,35,08,800	179
5	Kamal Jagdish Gupta	Public	1,95,000	3,49,05,000	179
6	Sonal Kamal Gupta	Public	1,95,000	3,49,05,000	179

The filing was made under Regulation 30 of the SEBI LODR Regulations. The board meeting commenced at 12:30 p.m. and concluded at 1:40 p.m. on July 18, 2026.