Nanta Tech schedules EGM to approve ₹24.06 crore warrant issue
- Nanta Tech schedules EGM on October 10, 2026, for shareholder approval
- Board approved ₹24.06 crore preferential issue of convertible warrants at ₹385 each
- Authorized share capital to increase from ₹5.5 crore to ₹7 crore
- Proceeds largely earmarked for working capital and general corporate purposes

*this image is generated using AI for illustrative purposes only.
Nanta Tech Limited has scheduled an Extraordinary General Meeting (EGM) for October 10, 2026, to seek shareholder approval for a ₹24.06 crore preferential issue of convertible warrants. The meeting will also consider increasing the company's authorized share capital to ₹7 crore.
The board approved the resolutions on September 11, 2026. The EGM will be conducted via Video Conferencing or Other Audio Visual Means in compliance with SEBI regulations.
Capital Raise Details
The company plans to issue up to 6,25,000 convertible warrants at ₹385 per unit. The issuance targets both promoter and non-promoter investors. Investors must pay 25% of the price upfront, with the remaining 75% due upon conversion within 18 months of allotment.
| Investor Category | Name | Warrants Allotted | Post-Issue Holding % |
|---|---|---|---|
| Promoter | Mayank A Jani | 4,00,000 | 9.36% |
| Promoter | Dhirajkumar C Acharya | 1,00,000 | 1.82% |
| Promoter | Naynaben D Acharya | 1,00,000 | 1.74% |
| Non-Promoter | Sneh Satishkumar Shah | 25,000 | 1.13% |
Use of Proceeds
The company intends to utilize the proceeds primarily for working capital requirements. Approximately ₹18.05 crore (75%) is allocated for working capital, while ₹5.97 crore (25%) is designated for general corporate purposes. A further ₹5 lakh is set aside for issue-related expenses. The funds are expected to be utilized within two years from receipt.
Corporate Actions
The board amended the Articles of Association to facilitate future security issuances via preferential offers or private placements. Authorized share capital rises from ₹5.5 crore (55 lakh shares) to ₹7 crore (70 lakh shares), subject to statutory approvals.
Mr. Nikunj Kanabar was appointed as scrutinizer for the remote e-voting process. Remote e-voting will be available from October 7, 2026, to October 9, 2026.
Historical Stock Returns for Nanta Tech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.83% | -1.49% | -8.13% | 0.0% | +33.54% | +33.54% |
How will the conversion of these warrants within 18 months impact Nanta Tech's equity dilution and promoter holding percentages?
What specific operational expansions or revenue-generating activities does the company plan to fund with the ₹18.05 crore allocated for working capital?
Given the high issue price of ₹385 per warrant, what valuation multiples or growth projections justify this premium compared to current market prices?

































