Bizotic Commercial Limited announced the successful allotment of 12,58,000 convertible warrants to its promoter group entities following a board meeting held on February 21, 2026. The warrants were issued on a preferential basis at Rs. 290.00 per warrant, generating Rs. 9,12,05,000 as initial consideration.

Board Meeting and Regulatory Compliance

The board meeting, which commenced at 5:30 PM and concluded at 6:00 PM at the company's registered office in Ahmedabad, approved the allotment under Regulation 30 of SEBI listing regulations. The allotment was conducted in accordance with the provisions of Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and follows the terms outlined in the explanatory statement of the Annual General Meeting dated September 3, 2025.

Promoter Group Allocation

Four promoter group entities received warrant allocations, with Bizotic Nexus Private Limited securing the largest share of 5,74,000 warrants. The allotment includes both individual promoters and corporate entities within the promoter group category.

Conversion Terms and Financial Impact

Each convertible warrant entitles the holder to convert it into one fully paid-up equity share of the company within 18 months from the allotment date. Warrant holders will need to pay the remaining 75% of the issue price at the time of exercising the conversion option.

The allotment represents a significant capital raising initiative for Bizotic Commercial Limited, with the potential to generate the full warrant value of Rs. 36,48,20,000 upon complete conversion by all warrant holders within the stipulated timeframe. This phased approach allows the company to raise additional funds while providing flexibility to warrant holders regarding the timing of conversion.

Bizotic Commercial Limited's board of directors convened on February 19, 2026, to address key governance matters including statutory auditor appointment and executive changes. The company informed BSE Limited about these significant developments through regulatory filings under Regulation 30 of the SEBI Listing Regulations.

New Statutory Auditor Appointment

Upon recommendation of the Audit Committee, the board approved the appointment of M/s. Shweta Jain & Co LLP Chartered Accountants (FRN: 127673W) as new statutory auditors to fill the casual vacancy created by the resignation of M/s J Singh & Associates Chartered Accountants (FRN: 110266W) on December 19, 2025.

M/s. Shweta Jain & Co LLP, established in 2006, operates from Mumbai with branches in Bangalore, Udaipur, and Ahmedabad. The firm combines professionalism with personalized service, focusing on delivering high-quality audit services while ensuring financial statements provide a true and fair view in accordance with Generally Accepted Accounting Principles.

CFO and Executive Director Resignation Confirmed

The board formally acknowledged the resignation of Ms. Inderpreet Kaur Gulati (DIN: 09213754) from her dual positions as Chief Financial Officer and Executive Director, effective from the closing of business hours on February 13, 2026.

Ms. Gulati submitted her resignation letter on February 13, 2026, citing personal reasons and her intention to explore other professional avenues. The company acknowledged her tremendous contribution to the organization's growth during her tenure.

Extraordinary General Meeting Scheduled

The board decided to convene the Fourth Extraordinary General Meeting (EGM) on Saturday, March 14, 2026, to seek shareholder approval for the appointment of M/s. Shweta Jain & Co LLP as statutory auditors. The appointment is subject to shareholder approval as per provisions of Section 139 of the Companies Act, 2013.

Board Meeting Details

The board meeting commenced at 5:00 PM and concluded at 8:15 PM on February 19, 2026. Managing Director Sanjay Mahavirprasad Gupta (DIN: 07610448) digitally signed the regulatory filing, ensuring compliance with SEBI disclosure requirements. The company has committed to filing necessary notices with the Registrar of Companies and providing required documentation to all concerned parties.