Bhatia comms & retail has completed the conversion of 1,05,00,000 warrants into equity shares, marking a significant capital restructuring exercise. The Board of Directors approved the conversion on March 09, 2026, following the receipt of balance payment from warrant holders.

Warrant Conversion Details

The conversion involved 1,05,00,000 warrants being converted into an equal number of equity shares at an issue price of Rs. 23.75 per share, including a premium of Rs. 22.75 per share. The company received Rs. 18,70,31,250 as the balance amount at the rate of Rs. 17.8125 per warrant, representing 75% of the issue price.

Allottee-wise Breakdown

The warrant conversion was distributed among five allottees, comprising both promoter group members and non-promoter investors:

Forbes EMF emerged as the largest subscriber, converting 50,00,000 warrants and receiving 3.55% stake in the company post-conversion.

Capital Structure Impact

Following the warrant conversion, the company's issued and paid-up capital has increased to Rs. 14,06,52,000, consisting of 14,06,52,000 equity shares of Re. 1 each. The newly allotted equity shares rank pari-passu with existing equity shares, providing equal rights and privileges to all shareholders.

The warrants were originally allotted on September 11, 2024, on a preferential basis under SEBI (ICDR) Regulations, 2018. Warrant holders had initially paid 25% of the issue price at Rs. 5.9375 per warrant during the initial allotment phase.

Regulatory Compliance

The conversion process was conducted in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting for approving the conversion was held on March 09, 2026, commencing at 04:00 PM and concluding at 04:30 PM. With this conversion, all outstanding warrants have been fully converted into equity shares, with no warrants remaining for future conversion.

Bhatia comms & retail (India) Limited has declared its 3rd interim dividend for the third quarter of financial year 2025-26, offering shareholders Re. 0.01 per equity share. The announcement was made following a Board of Directors meeting held on February 13, 2026.

Dividend Declaration Details

The Board meeting took place at 10:00 AM at the company's registered office located at 132, Dr. Ambedkar Shopping Centre, Ring Road, Surat-395002 Gujarat. The dividend declaration was made in compliance with Regulation 30 and 43 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The company has informed BSE Limited about this dividend declaration as part of its regulatory obligations. The communication was addressed to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, referencing the company's scrip details including ISIN INE341Z01025 and BSE code 540956.

Payment Timeline

According to the company's announcement, the dividend will be paid to eligible shareholders within the time prescribed under the Companies Act, 2013. The declaration was signed by Chintikaben Hasmukhbhai Shah, Company Secretary & Compliance Officer, from the company's Surat office.

This marks the third interim dividend payment by Bhatia Communications & Retail for the current financial year, demonstrating the company's commitment to regular shareholder returns during FY 2025-26.