Moneyboxx Finance Limited has filed a revised disclosure under SEBI Takeover Regulations regarding the creation of pledges by its promoters. The company, listed on both BSE and NSE, submitted the disclosure on March 18, 2026, detailing pledge arrangements made by promoters Deepak Aggarwal and Mayur Modi.

Promoter Share Pledge Details

Both promoters have pledged identical amounts of their shareholdings to Mufin Finance Limited for loan purposes. The pledge creation occurred on different dates for each promoter, with specific terms outlined in the regulatory filing.

Regulatory Compliance Framework

The disclosure was made in accordance with Regulation 31(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates timely reporting of any encumbrance creation on promoter shareholdings.

Key Disclosure Parameters

• Reporting Date: March 10, 2026
• Type of Encumbrance: Pledge
• Purpose: Loan arrangement
• Diluted Share Capital Impact: 4.2% for each promoter's total holding

Share Capital Context

The pledged shares represent a portion of each promoter's substantial holdings in Moneyboxx Finance Limited. Both Deepak Aggarwal and Mayur Modi maintain identical shareholding patterns, with each holding 25.95 lakh shares representing 3.72% of the company's total share capital.

The disclosure was signed by Deepak Aggarwal in his capacity as Director (DIN: 03140334) from Gurugram and submitted to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements.

Moneyboxx Finance Limited has forfeited ₹28,23,86,634 crores from warrant holders who failed to exercise their conversion rights within the regulatory deadline. The company informed stock exchanges on March 13, 2026, that none of the 37,37,745 convertible warrants issued were converted into equity shares before the expiry date.

Warrant Allotment Details

The company had originally allotted the convertible warrants on September 13, 2024, to 14 allottees on a preferential basis. The warrants were issued at ₹302.20 per warrant, with warrant holders required to pay 25% of the issue price as an initial subscription amount at the time of allotment.

Allottee Distribution

The warrant allocation was distributed across promoters, promoter group, and non-promoter categories. Promoters Mayur Modi and Deepak Aggarwal received the largest individual allocations of 613,500 warrants each, while the remaining warrants were distributed among promoter group and non-promoter investors.

Regulatory Framework

Under the terms of allotment and SEBI ICDR Regulations 2018, warrant holders were entitled to exercise their conversion rights and subscribe to one equity share of ₹10 each against each warrant within 18 months from the allotment date. The conversion period commenced on September 13, 2024, and concluded on March 12, 2026.

Forfeiture Process

As none of the warrant holders exercised their conversion option within the stipulated timeframe, the 25% amount received on the convertible warrants has been forfeited in accordance with Regulation 169(3) of Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The forfeited amount of ₹28,23,86,634 crores will now be retained by the company.

Impact on Company

The non-conversion of warrants means that Moneyboxx Finance will not receive the remaining 75% of the warrant issue price, which would have been paid upon conversion. However, the company retains the initial 25% payment as forfeited amount, providing additional capital without diluting equity ownership through the issuance of new shares.