Aveer Foods Limited has announced a board meeting scheduled for March 11, 2026, to consider the allotment of equity shares pursuant to warrant conversion. The company has issued an official communication to BSE Limited regarding the meeting and implemented trading restrictions for designated persons and insiders during this period.

Board Meeting Details

The board of directors meeting is scheduled for Wednesday, March 11, 2026, with specific agenda items related to equity share allotment. The company has communicated this through official letter AFL/SEC/BSE/175/2025-2026 dated March 4, 2026.

The allotment is subject to fulfillment of appropriate conditions and relates to warrants issued previously on preferential basis to persons belonging to the Promoters Category.

Trading Window Restrictions

In compliance with SEBI regulations, the company has announced trading window closure for designated persons and insiders. The restriction has been communicated officially to BSE Limited as per regulatory requirements.

Regulatory Compliance

The announcement has been made pursuant to Regulation 29 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The trading window closure follows SEBI Prohibition of Insider Trading Regulations, 2015, and BSE circular LIST/COMP/01/2019-20 dated April 2, 2019.

The communication was signed by Tejashree Wagholikar, Company Secretary & Compliance Officer, and submitted to the Corporate Services Department of BSE Limited. The warrant conversion represents the company's ongoing capital structure optimization through previously issued preferential warrants to promoters.

Aveer Foods Limited's promoter Rajkumar Hukmichand Chordia has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, following his acquisition of 2,26,087 equity shares through warrant conversion. The disclosure was submitted to BSE Limited on February 10, 2026, providing detailed information about the shareholding changes and regulatory compliance requirements.

Financial Performance for Q3FY26

The company reported mixed financial performance for the third quarter of FY26. Revenue from operations stood at ₹3,592.95 lakhs, showing growth from ₹2,743.65 lakhs in the corresponding quarter of the previous year. However, this represented a decline from the previous quarter's revenue of ₹3,807.56 lakhs.

The company's net profit for Q3FY26 was ₹77.98 lakhs, slightly lower than ₹82.25 lakhs recorded in Q3FY25. The quarter included an exceptional item of ₹50.09 lakhs related to incremental impact arising from the implementation of new Labour Codes, particularly affecting gratuity calculations due to changes in the definition of wages.

Nine Months Performance

For the nine months ended December 31, 2025, Aveer Foods demonstrated strong overall performance. Revenue from operations reached ₹10,801.52 lakhs compared to ₹8,162.89 lakhs in the corresponding period of the previous year, representing significant growth.

Warrant Conversion and Share Allotment

The company completed the allotment of 2,26,087 fully paid-up equity shares upon exercise of warrants by Mr. Rajkumar Hukmichand Chordia, a person belonging to the promoter category. The conversion was completed on February 6, 2026, under Regulation 30 of SEBI Listing Regulations, 2015.

This allotment increased the company's paid-up capital from ₹4,02,82,520 to ₹4,25,43,390. The warrants were originally allotted on March 20, 2025, with a conversion period of 18 months. Following this conversion, 2,26,087 warrants remain outstanding from the original allotment of 4,52,174 warrants.

SAST Disclosure Filing and Documentation

Following the warrant conversion, Mr. Rajkumar Hukmichand Chordia submitted a comprehensive disclosure to BSE Limited on February 10, 2026, under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was digitally signed and submitted through hand delivery and email to the Department of Corporate Services at BSE.

The disclosure included detailed shareholding patterns before and after the acquisition, with Mr. Vishal Rajkumar Chordia identified as a Person Acting in Concert (PAC). Both promoters digitally signed the disclosure document, ensuring compliance with regulatory requirements.

Shareholding Pattern Changes

The SAST disclosure revealed significant changes in the promoter group's shareholding pattern following the warrant conversion. The acquisition resulted in an increase in Mr. Rajkumar Hukmichand Chordia's individual holding and the combined promoter group stake.

The promoter group's combined shareholding increased from 52.65% to 55.17% of the total voting capital. Mr. Vishal Rajkumar Chordia continues to hold 2,26,087 outstanding warrants that can be exercised within the stipulated conversion period.

Capital Structure and Outstanding Securities

The warrant conversion resulted in changes to the company's capital structure, with the paid-up equity capital increasing and the number of outstanding convertible securities decreasing accordingly.

The company confirmed no deviation or variation in the use of funds raised through the preferential issue dated March 20, 2025. The SAST disclosure ensures transparency in shareholding changes and compliance with regulatory requirements for substantial acquisitions by promoter entities.