Nihar Info Global approves equity share and warrant allotment
- Preferential allotment of 1.17 million equity shares to non-promoters approved
- 2 million convertible warrants issued to promoters at ₹10 per warrant
- Promoter stake to rise to 30.03% on fully diluted basis post-warrant exercise
- Divestment of two subsidiaries to director Vijay Lakshmi Boda noted
- Annapantula Seetarama Murthy appointed as additional independent director
*this image is generated using AI for illustrative purposes only.
Nihar Info Global approved the preferential issuance of 1,170,000 equity shares and 2,000,000 convertible warrants in its board meeting held on August 31, 2026. The equity shares will be allotted to non-promoters, while the warrants are reserved for promoters and their group.
The securities carry a face value of ₹10 each. The issue price for both instruments is ₹10, determined in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The warrants can be exercised within 18 months of allotment. Failure to exercise them within this period will result in lapse and forfeiture of the amount paid.
Capital Structure Impact
The equity shares are proposed for allotment to 12 non-promoter investors. Key allottees include Hathor Corporate Advisors LLP and Eikovivify Logistics Private Limited, each receiving 300,000 shares. Post-allotment, these entities will hold 2.59% stake each.
The convertible warrants are allotted to four promoter-related entities. Upon full exercise, the promoters' holding will increase from 19.96% to 30.03% on a fully diluted basis. Divyesh Nihar Boda, the managing director, will see his stake rise from 7.80% to 9.66% post-exercise.
| Allottee Category | Securities | Quantity | Post-Issue Stake |
|---|---|---|---|
| Non-Promoters | Equity Shares | 1,170,000 | 10.11% |
| Promoters | Convertible Warrants | 2,000,000 | 30.03% (fully diluted) |
Subsidiary Divestment
The board noted the divestment of its stakes in Life 108 Healthcare Private Limited and Beastbells Media Private Limited to director Vijay Lakshmi Boda. The transaction, effective from April 1, 2026, requires shareholder approval at the upcoming annual general meeting.
Life 108 Healthcare contributed ₹3,47,03,142 (44.90%) to the company's income and ₹17,04,720 (2.79%) to net worth in FY25. Beastbells Media contributed ₹11,27,000 (1.46%) to income and ₹229,583 (2.80%) to net worth. The consideration received was ₹18,01,800 for Life 108 Healthcare and ₹19,800 for Beastbells Media.
Board Changes
Mr. Annapantula Seetarama Murthy was appointed as an additional independent director for a five-year term, subject to shareholder approval. He replaces Mr. Ajit Kumar Nagrani, who retired after completing his second term as independent director on August 31, 2026. The Nomination and Remuneration Committee has been reconstituted accordingly.
The company also recommended the re-appointment of Surya Gupta & Associates as secretarial auditors for five years, covering FY26 to FY30. The 32nd annual general meeting is scheduled for September 30, 2026, via video conferencing.
Historical Stock Returns for Nihar Info Global
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.59% | -2.32% | +12.35% | +8.55% | 0.0% | 0.0% |
How will the divestment of Life 108 Healthcare, which contributed nearly 45% of FY25 income, impact Nihar Info Global's future revenue streams and profitability?
What strategic rationale drives the promoters' decision to increase their fully diluted stake from 19.96% to 30.03% via convertible warrants rather than direct equity investment?
Could the significant drop in consideration received for Life 108 Healthcare (₹18 lakh vs ₹34.7 lakh revenue) indicate underlying valuation concerns or operational challenges in that subsidiary?
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