PE Analytics has executed a Share Subscription-cum-Rights Agreement (SSRA) with HDFC Capital Advisors Limited (HCAL) to facilitate a preferential issue of equity shares. The agreement, signed on July 02, 2026, outlines the terms for the issuance of 3,97,800 equity shares at an issue price of ₹201 per share, including a premium of ₹191 per share. The total issue size aggregates to ₹7,99,57,800. The transaction is subject to the satisfaction of customary conditions precedent, including receipt of shareholders' approval and in-principle approvals from the National Stock Exchange of India Limited.

The SSRA grants HCAL certain rights that are in the nature of customary non-controlling minority protection rights, which may constitute special rights under Regulation 31B of the SEBI Listing Regulations. These rights will be incorporated into the articles of association of the company. The agreement was entered into by the company, along with promoters Samir Jasuja and Vaishali Jasuja. Samir Jasuja, the promoter, and HCAL have also entered into a separate inter-se rights agreement to set out specific rights regarding share transfer and restrictions.

The preferential issue is not classified as a related party transaction, as HCAL is not related to the promoter or promoter group. The company and promoters do not hold any shares in HCAL. The closing of the SSRA and the consummation of the preferential issue are contingent upon fulfilling conditions such as board approval for allotment and payment of the subscription amount.

Key Details of the Agreement

The agreement includes customary covenants, representations, and warranties provided by the company, along with appropriate indemnities. The company will amend its articles of association to include the special rights granted to HCAL and the applicable inter-se rights and restrictions, subject to compliance with applicable laws.

PE Analytics has secured in-principle approval from the National Stock Exchange of India Limited (NSE) to issue 3,97,800 equity shares on a preferential basis to HDFC Capital Advisors Limited, a non-promoter entity. The issuance, priced at ₹201 per share, includes a premium of ₹191 over the face value of ₹10. This capital raise is subject to the company fulfilling specific regulatory conditions before the final listing.

The approval, conveyed via NSE letter reference NSE/LIST/55343 dated June 19, 2026, mandates that PE Analytics file the listing application immediately following the allotment. The company must also secure necessary statutory approvals from authorities such as the Securities and Exchange Board of India (SEBI), the Reserve Bank of India (RBI), and the Ministry of Corporate Affairs (MCA).

Regulatory Conditions and Compliance

The exchange has outlined several conditions that the company must adhere to for the listing to proceed. These include compliance with all applicable guidelines of the NSE and other statutory bodies as of the date of the listing application. Additionally, the company must adhere to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013.

A critical requirement involves the strengthening of internal controls to monitor trades executed by the proposed allottee. PE Analytics is required to obtain an undertaking from HDFC Capital Advisors Limited confirming that they will not engage in intra-day trading or sell any shares in the company until the allotment date. The responsibility for verifying this compliance and ensuring adherence to Regulation 167(6) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, rests solely with the issuer.

Issue Details

The preferential allotment details are summarized below:

The NSE has reserved the right to withdraw the in-principle approval if any information provided is found to be incomplete, incorrect, or misleading. PE Analytics has stated that this information is also available on its website.