Paradeep parivahan Limited has completed the allotment of 10,40,000 convertible equity warrants at Rs. 156.46 per warrant on a preferential basis, following board approval on March 21, 2026. The allotment was conducted after receiving in-principle approval from BSE Limited vide Letter no. LOD/PREF/MV/FIP/1834/2025-26 dated March 09, 2026, and shareholder approval through an extraordinary general meeting.

Warrant Allotment Details

The board of directors approved the allotment of 10,40,000 fully convertible equity warrants with a total value of Rs. 16,27,18,400. The company has received 25% of the issue price as application money, amounting to Rs. 4,06,79,600, at Rs. 39.115 per warrant in accordance with the applicable provisions of the Companies Act, 2013 and SEBI (ICDR) Regulations, 2018.

Investor Details and Shareholding Impact

The warrants have been allotted to two investors on a preferential basis under Chapter V of the SEBI ICDR Regulations, 2018. The allotment includes both promoter and non-promoter categories.

*Post preferential issue shareholding calculated on fully diluted basis assuming complete warrant conversion.

Conversion Terms and Conditions

Each warrant is convertible into one equity share of Rs. 10.00 face value at a premium of Rs. 146.46 per share. The warrants can be exercised within 18 months from the allotment date by paying the remaining 75% of the issue price (Rs. 117.345 per warrant) in one or more tranches.

The equity shares allotted upon warrant conversion will be fully paid up and rank pari passu with existing equity shares in all respects, including dividend and voting rights. All outstanding warrants not exercised within the 18-month period will automatically lapse. The warrants shall be subject to appropriate adjustment for any interim corporate actions including capitalization of profits, demerger, or rights issue.

Regulatory Compliance

The allotment was conducted in accordance with the Companies Act, 2013, and SEBI (ICDR) Regulations, 2018. The board meeting was held from 6:00 p.m. to 7:00 p.m. on March 21, 2026, with proper regulatory disclosures made to BSE Limited under Regulation 30 of SEBI Listing Regulations. The disclosure is also available on the company's website at www.paradeepparivahan.com .

Paradeep parivahan Limited has announced the appointment of Mr. Suryasnata Rath as Chief Financial Officer and Key Managerial Personnel, effective March 20, 2026. The decision was made during a board meeting held on the same date, following a recommendation from the company's Nomination and Remuneration Committee.

Board Meeting and Regulatory Disclosure

The board of directors convened on March 20, 2026, to consider and approve the CFO appointment. The meeting commenced at 4:00 p.m. and concluded at 4:40 p.m., with the appointment being the primary agenda item discussed. The company has formally notified BSE Limited under scrip code 544383, ensuring compliance with regulatory requirements.

New CFO Profile and Experience

Mr. Suryasnata Rath has been associated with Paradeep Parivahan Limited as Manager – Finance & Accounts prior to his elevation to the CFO position. With a strong background in accounting, finance, and regulatory compliance, he has played a key role in managing the company's financial operations, including financial reporting, taxation, budgeting, and internal controls.

Key Responsibilities and Expertise

In his new role as Chief Financial Officer, Mr. Rath will be responsible for overseeing the overall financial strategy, financial planning and analysis, regulatory compliance, and stakeholder reporting. His appointment recognizes his performance, experience, and in-depth understanding of the company's financial systems.

Mr. Rath possesses 12 years of experience in the field of finance and accounts and has demonstrated expertise in handling corporate financial matters in compliance with applicable laws and regulations. He brings strong analytical skills, financial discipline, and compliance-oriented approach to the organization.

Regulatory Compliance Framework

The appointment has been made in accordance with Section 203 of the Companies Act, 2013, and Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required details as per SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI Circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

The appointment represents an internal promotion, recognizing Mr. Rath's contributions to the company's financial operations and his readiness to take on expanded responsibilities as a Key Managerial Personnel. The formal disclosure was signed by Managing Director Khalid Khan (DIN-06432054), ensuring proper corporate governance protocols.