Mizzen ventures Limited has filed its quarterly compliance certificate with BSE Limited regarding securities dematerialization activities during the quarter ended March 31, 2026. The submission fulfills regulatory requirements under SEBI Depositories and Participants Regulations, 2018.

Regulatory Compliance Filing

The company submitted the compliance certificate on April 14, 2026, addressing Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate confirms that details of securities dematerialized during Q4 FY26 have been furnished to all stock exchanges where the company's shares are listed.

Company Information

Mizzen Ventures Limited, formerly known as Jyothi Infraventures Limited, operates with CIN L70200TG1995PLC019867. The company maintains its registered office in Hyderabad, Telangana, and corporate office in Mumbai, Maharashtra.

Certification Process

The compliance certificate was digitally signed by Sandeep Dsilva, Managing Director & CFO (DIN: 09040813), on April 14, 2026. The certification process involved coordination with the company's registrar and transfer agent.

Registrar Confirmation

XL Softtech Systems Limited, serving as the company's registrar, provided confirmation on April 2, 2026, regarding the dematerialization process. The registrar confirmed that:

• Securities received from depository participants were processed within regulatory timelines
• Security certificates received for dematerialization were mutilated and cancelled after verification
• Depository names were substituted in the register of members within 30 days
• All procedures complied with SEBI guidelines issued in January 2019

The filing demonstrates the company's adherence to regulatory requirements for securities dematerialization and investor record maintenance during the quarter ended March 31, 2026.

Mizzen Ventures Limited has completed a significant warrant conversion transaction, resulting in substantial acquisition of shares by Hitesh Natwarlal Kawa and his person acting in concert (PAC). The Board of Directors approved the allotment of 8,10,000 equity shares during their meeting held on March 30, 2026, triggering regulatory disclosure requirements under SEBI takeover regulations.

Warrant Conversion and Share Allotment

The allotment involved the conversion of 8,10,000 warrants into an equal number of equity shares with a face value of ₹10/- each. The company received the balance consideration of ₹3,15,90,000/- from the allottee, representing 75% of the issue price of ₹52/- per warrant. This conversion was executed in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Substantial Acquisition Disclosure

Following the warrant conversion, Hitesh Natwarlal Kawa has acquired a substantial stake in Mizzen Ventures Limited, necessitating disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition details reveal significant changes in shareholding patterns.

Impact on Share Capital Structure

The warrant conversion has resulted in a substantial increase in the company's paid-up share capital. Following this allotment, Mizzen Ventures Limited has achieved complete conversion of all outstanding warrants into equity shares. The company's equity share capital increased from ₹21,18,50,000/- to ₹21,99,50,000/-, now comprising 2,19,95,000 equity shares of face value ₹10/- each.

Regulatory Compliance and Disclosure

The transaction was conducted in full compliance with SEBI regulations, including Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The substantial acquisition disclosure was filed as required under takeover regulations, with Hitesh Natwarlal Kawa and his PAC Roopal Hitesh Kawa now holding a combined 5.73% stake in the company. The newly allotted equity shares will rank pari passu in all respects with the existing equity shares of the company.

Mizzen Ventures Limited, formerly known as Jyothi Infraventures Limited, operates under CIN L70200TG1995PLC019867 and is listed on BSE Limited. The company maintains its registered office in Hyderabad, Telangana, and corporate office in Mumbai, Maharashtra.