Trikaal Theatres & Realty Private Limited, a promoter group entity, has acquired a significant stake in fundviser capital through the conversion of warrants into equity shares. The acquisition represents a strategic investment by the promoter group in the BSE-listed company through preferential allotment.

Acquisition Details

The transaction involved the conversion of 11,50,000 warrants into equity shares on March 23, 2026. Trikaal Theatres & Realty Private Limited, which previously held no equity shares, now holds a substantial stake in Fundviser Capital (India) Limited as part of the promoter group.

Share Capital Impact

The warrant conversion has resulted in significant changes to Fundviser Capital's equity structure. The company's share capital increased following the conversion of warrants by various promoter and non-promoter investors.

Promoter Group Holdings

Following the acquisition, the promoter group's consolidated holding in Fundviser Capital has been restructured. The detailed breakdown shows the distribution of shares among various promoter group entities and individuals.

Warrant Conversion Context

The acquisition was part of a larger warrant conversion exercise undertaken by Fundviser Capital. The company had allotted 64,85,000 convertible warrants on November 25, 2025, comprising 42,60,000 warrants to promoter/promoter group entities and 22,25,000 warrants to non-promoters.

Out of the total warrants issued, 19,85,000 warrants were converted into equity shares on March 23, 2026. This included 11,50,000 warrants from the promoter/promoter group and 8,35,000 warrants from non-promoters, with Trikaal Theatres' conversion forming the major part of the promoter group category.

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The formal disclosure was submitted to BSE Limited on March 25, 2026, with Renu Premkrishan Jain serving as the authorized signatory and Director for Trikaal Theatres & Realty Private Limited.

The transaction documentation indicates that Fundviser Capital shares are listed on BSE Limited under scrip code 530197. The disclosure confirms Trikaal Theatres & Realty Private Limited's status as part of the promoter/promoter group of Fundviser Capital.

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.