Bizotic commercial announced the successful receipt of the second tranche consideration for its convertible warrants allotment. The Board of Directors approved this significant financial transaction during their meeting held on 2nd March, 2026, at the company's registered office in Ahmedabad.

Board Meeting Details

The Board meeting commenced at 06:00 P.M. and concluded at 06:30 P.M. on 2nd March, 2026. This meeting followed previous Board discussions held on 21st February, 2026 and 23rd February, 2026, indicating ongoing deliberations regarding the warrant allotment process.

Warrant Allotment Specifics

The convertible warrants were issued under a preferential allotment to promoter and promoter group entities, complying with Chapter V of the SEBI (ICDR) Regulations, 2018. The warrants carry specific pricing and structural details that reflect the company's current valuation framework.

Financial Transaction Details

The company received the second tranche payment from Bizotic Industries Private Limited, a promoter group entity. This transaction represents a significant capital infusion for the company's ongoing operations and strategic initiatives.

Regulatory Compliance

The warrant allotment and consideration receipt were conducted in accordance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled its disclosure obligations by informing BSE Limited about this material development through proper regulatory channels.

The transaction demonstrates the company's ability to execute structured financial instruments while maintaining compliance with securities market regulations. The preferential allotment to promoter group entities indicates continued confidence and support from the company's core stakeholders.

Bizotic Commercial Limited has completed a comprehensive warrant allotment program, issuing a total of 16,02,000 convertible warrants to its promoter group entities across two board meetings. The company initially allotted 12,58,000 warrants on February 21, followed by an additional 3,44,000 warrants on February 23, both at Rs. 290.00 per warrant.

Initial Warrant Allotment - February 21

The first board meeting approved the allotment of 12,58,000 convertible warrants to four promoter group entities. The allotment was conducted under Regulation 30 of SEBI listing regulations and in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Additional Warrant Allotment - February 23

In continuation of the previous meeting, the board convened again on February 23, from 3:30 PM to 4:00 PM, approving the allotment of an additional 3,44,000 convertible warrants to Bizotic Industries Private Limited, another promoter group entity. The board meeting was held at the company's registered office at 15, Ashwamegh Warehouses, Ujala Circle, Sarkhej, Ahmedabad, Dascroi, Gujarat.

Warrant Terms and Conversion Details

All convertible warrants carry identical terms across both allotments. Each warrant entitles the holder to convert it into one fully paid-up equity share of the company within 18 months from the respective allotment dates. Warrant holders are required to pay the remaining 75% of the issue price at the time of exercising the conversion option.

Capital Structure Impact

Upon complete conversion of all 16,02,000 warrants, the company's paid-up equity share capital will increase from Rs. 8,04,00,000 divided into 80,40,000 equity shares to Rs. 9,64,20,000 divided into 96,42,000 equity shares, each having a face value of Rs. 10.00. The phased warrant allotment strategy has generated Rs. 11,61,45,000 as upfront consideration, providing immediate capital infusion while maintaining flexibility for warrant holders regarding conversion timing.