Resourceful Automobile board of directors approved the preferential allotment of up to 3,00,000 convertible equity warrants at an issue price of ₹51 each on September 2, 2026. The transaction aims to raise ₹1,53,00,000 from its Managing Director and promoter, Rahul Sawhney.

Deal Structure

The company will issue the warrants in one or more tranches to Sawhney. Each warrant carries a face value of ₹10 and includes a premium of ₹41. Upon exercise, each warrant converts into one fully paid-up equity share of the company.

The issuance complies with Section 23, 42, and 62(1) of the Companies Act 2013, as well as Chapter V of the SEBI ICDR Regulations 2018. The price was determined in accordance with applicable regulatory guidelines.

Shareholding Impact

The allotment will increase Rahul Sawhney’s stake in the company. He currently holds 12,11,947 equity shares, representing 45.63% of the total share capital. Post-allotment, his holding will rise to 15,11,947 shares, accounting for 51.15% of the equity.

Regulatory Approvals

The board convened an Extra-Ordinary General Meeting to seek shareholder approval for the preferential issue via a Special Resolution. Ms. Mayuri Sinha, a Practicing Company Secretary, has been appointed as the scrutinizer for the e-voting process to ensure transparency.

What the Numbers Show

The preferential issuance consolidates promoter control within the company. By increasing his stake from 45.63% to 51.15%, Rahul Sawhney moves closer to a majority voting position, which may streamline decision-making processes for future corporate actions without requiring extensive minority shareholder consensus.

Resourceful Automobile has scheduled a board meeting for September 2, 2026, to consider raising funds through the issuance of equity shares and/or convertible securities, including warrants, on a preferential basis.

The meeting will take place at the company’s registered office in West Delhi. The agenda includes determining the issue price in accordance with the Companies Act, 2013, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Regulatory Compliance and Trading Window

The intimation was issued pursuant to Regulation 29(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The proposal is subject to necessary regulatory approvals and shareholder consent.

Under the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for designated persons remains closed from August 26, 2026. This restriction continues until 48 hours after the conclusion of the board meeting.

The company seeks approval for permissible securities issuance modes deemed appropriate by the board. No specific quantum of funds or valuation details were disclosed in the filing.