Srestha Finvest Limited has successfully completed the allotment of 11,75,00,000 equity shares through the conversion of convertible warrants, as announced in a board meeting held on April 13, 2026. The conversion process involved three allottees who exercised their rights to convert warrants into equity shares at a price of Rs.1.05 per share, including a premium of Rs.0.05.

Warrant Conversion Details

The board meeting, which commenced at 10:30 AM and concluded at 11:45 PM, approved the allotment of equity shares with a face value of Re.1 each. This conversion is part of the original 85,30,00,000 convertible warrants that were issued and allotted on February 18, 2025, on a preferential basis to 15 allottees.

Allottee-wise Distribution

The conversion involved three key participants, with varying levels of warrant exercise from their original allocations:

Sneha Bhandari received the largest allocation with 6,25,00,000 shares, representing 3.56% of the company's equity. Oswal Industries Limited converted their entire warrant holding of 3,00,00,000 warrants, while Sunil Bhandari exercised a portion of his allocation.

Financial Implications

The allottees deposited a balance consideration amount aggregating to Rs.9,25,31,250 towards the pending warrant allotment money. Initially, Rs.22,39,12,500 representing 25% of the issue price had been received as subscription amount during the original warrant allotment in February 2025.

Outstanding Warrants Status

Following this conversion, 73,55,00,000 warrants remain pending for conversion from the original issuance. The remaining 12 allottees from the original warrant issue have not yet exercised their conversion rights, including entities such as Financial World India Private Limited, Mayoga Investments Limited, and several other corporate and individual investors.

Regulatory Compliance

The allotment was conducted in accordance with SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013. The newly allotted equity shares will rank pari passu with existing equity shares in all respects, including dividend payments and voting rights. The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Srestha Finvest Limited has completed its quarterly compliance submissions for the quarter ended March 31, 2026, filing necessary regulatory documents with stock exchanges as per SEBI requirements.

Quarterly Compliance Submission

The company submitted its compliance documents to both the Bombay Stock Exchange Ltd, Mumbai and Metropolitan Stock Exchange of India Limited, Mumbai on April 08, 2026. The submission was signed by A. Jitendra Kumar Bafna, Company Secretary & Compliance Officer.

Regulatory Documents Filed

The quarterly compliance package included two key regulatory documents:

• Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026
• Reconciliation of Share Capital Audit for the quarter ended March 31, 2026

Registrar Confirmation Certificate

Purva Sharegistry (I) Pvt. Ltd., serving as the company's registrar and share transfer agent, issued a confirmation certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate confirms that securities received from depository participants for dematerialisation during the quarter were properly processed and confirmed to the depositories.

Dematerialisation Activity

During the quarter from January 01, 2026 to March 31, 2026, the company processed dematerialisation requests for share certificates. The activity included conversion of physical shares to electronic form for shareholders.

The registrar confirmed that all security certificates received for dematerialisation were properly verified, mutilated and cancelled after due verification by the depository participant, with depositories' names substituted in the register of members within prescribed timelines.