Suditi Industries promoters and their associates have converted outstanding warrants into equity shares, increasing their aggregate stake in the company. The disclosure filed with the Bombay Stock Exchange under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, details the acquisition of 45,00,000 equity shares by Pawan Agarwal and Tanay Pawan Agarwal.

The transaction was executed on August 10, 2026, via the conversion of convertible share warrants. These warrants were originally allotted as part of a preferential issue and were convertible into one fully paid-up equity share of face value ₹10 each within 18 months of allotment. The conversion eliminates the outstanding warrant holdings for these specific promoters.

Shareholding Changes

Prior to this acquisition, the promoter group held 2,64,01,545 equity shares, representing 53.22% of the total share capital. They also held 45,00,000 warrants, which accounted for 7.27% of the diluted share capital.

Following the conversion:

• Pawan Agarwal acquired 30,00,000 shares.
• Tanay Pawan Agarwal acquired 15,00,000 shares.

The total number of equity shares held by the promoter group rose to 3,09,01,545. This brings their stake in the paid-up capital to 56.80%. The conversion resulted in a zero balance for the warrants held by these two individuals, reducing the overall diluted share capital impact from these instruments.

Capital Structure Impact

The company’s equity share capital increased from ₹49,60,70,240 (4,96,07,024 shares) to ₹54,40,70,240 (5,44,07,024 shares) post-acquisition. The total diluted share/voting capital stands at ₹61,87,46,910, comprising 6,18,74,691 equity shares.

The remaining members of the promoter group, including Shalini Pawan Agarwal, Rajendra Kishorilall Agarwal, Harsh Pawan Agarwal, Tanuj Pawan Agarwal, Shilpa Amit Agarwal, Archana Agarwal, Meena Gupta, R Piyarelall Pvt Ltd, Black Gold Leasing Pvt Ltd, and Intime Knits Private Limited, maintained their existing shareholdings without any change in absolute numbers, though their percentage stakes adjusted due to the increase in total paid-up capital.

What the Numbers Show

The complete conversion of the 4.5 million warrants by Pawan Agarwal and Tanay Pawan Agarwal signifies a consolidation of voting rights. By converting these instruments into equity, the promoters have locked in their expanded stake ahead of the original 18-month maturity window, removing potential dilution pressure from these specific securities in the near term.

Suditi Industries Ltd Suditi Industries Ltd appointed Nidhi Rohit Grover as its Company Secretary and Compliance Officer, effective August 05, 2026. The Board of Directors approved the appointment during a meeting held on the same day, acting on the recommendation of the Nomination and Remuneration Committee. This move ensures the company maintains dedicated oversight for regulatory compliance and corporate governance matters.

The appointment was formalized in accordance with Regulation 30 (read with Schedule III-Part A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The Board Meeting commenced at 11:00 a.m. and concluded at 12:00 Noon on August 05, 2026.

Appointment Details

Nidhi Rohit Grover holds Membership No. A55595 with the Institute of Company Secretaries of India. She is an Associate member with experience in corporate laws, compliance, and secretarial practices. The filing confirms that she is not related to any of the Directors, Key Managerial Personnel, or Promoters and Promoter group of the company.

Pawan Agarwal, Director (DIN: 00808731), signed the disclosure submitted to BSE Limited. The company made the announcement available on its website, www.suditi.in , for public record.