Candour Techtex Limited Announces Change in Proposed Allottee for Preferential Issue

Candour Techtex Limited has announced a significant change in its proposed preferential issue allottee structure, replacing the originally designated recipient due to eligibility concerns. The company disclosed this development under Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirement) Regulation, 2015.

Background of Preferential Issue

The preferential issue was approved at the company's Extraordinary General Meeting held on November 20, 2025. The EGM Notice, dated October 20, 2025, had initially disclosed the names of proposed allottees for equity shares and warrants under the preferential issue framework.

Change in Allottee Details

The original proposal included equity shares aggregating up to a maximum of 20,000 shares to be allotted to Mr. Anand Srivastav under the non-promoter category. However, the company subsequently discovered that Mr. Anand Srivastav is not eligible to receive shares under the proposed preferential issue.

Parameter	Original Allottee	Revised Allottee
Name	Mr. Anand Srivastav	Mr. Rajesh Rajnikant Shah
Category	Non-Promoter	Non-Promoter
Shares Proposed	20,000	20,000
Status	Ineligible	Eligible

New Allottee Profile

Mr. Rajesh Rajnikant Shah will now receive the proposed allocation of 20,000 equity shares. The company has provided detailed disclosures regarding the new allottee as prescribed under Regulation 163 of the SEBI (ICDR) Regulations, 2018.

Shareholder Details	Current Status	Proposed Status
Shah Rajesh Rajnikant	Non-Promoter	Non-Promoter
Pre-issue Shareholding	0 shares (0%)	0 shares (0%)
Proposed Allotment	-	20,000 shares
Post-issue Shareholding	-	20,000 shares (0.08%)

Impact on Share Structure

The shareholding structure analysis reveals the minimal impact of this allotment on the overall equity composition:

Pre-issue holding: Mr. Rajesh Rajnikant Shah currently holds zero shares in the company
Proposed allotment: 20,000 equity shares
Post-issue percentage: 0.08% of existing paid-up share capital
Diluted basis percentage: 0.0057% considering conversion of existing and proposed warrants

Regulatory Compliance

The disclosure has been made in compliance with SEBI regulations, specifically under Regulation 30 of SEBI (LODR) Regulations, 2015, read with Regulation 163 of SEBI (Issue of Share Capital and Disclosure Requirement) Regulation, 2018. The company has informed both BSE Limited and The Metropolitan Stock Exchange of India Limited about this change, ensuring transparency in the preferential issue process.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.58%	-2.30%	-1.33%	+61.22%	+26.81%	+148.92%

Candour Techtex Limited has announced the successful conversion of 4,00,000 share warrants into equity shares, marking a significant capital expansion for the textile engineering company. The Board of Directors approved this allotment on December 12, 2025, following the exercise of conversion rights by the warrant holder.

Warrant Conversion Details

The company allotted 4,00,000 equity shares of face value ₹10.00 each to Mangal Keshav Capital Limited, a non-promoter entity. The conversion was executed at a specific pricing structure that reflects the original warrant terms.

Parameter:	Details
Warrant Holder:	Mangal Keshav Capital Limited
Shares Allotted:	4,00,000 equity shares
Face Value:	₹10.00 per share
Exercise Price:	₹62.78 per warrant
Total Amount Raised:	₹2,51,10,000
Premium per Share:	₹73.70

The exercise price of ₹62.78 per warrant represents 75% of the original warrant exercise price of ₹83.70 per warrant. This pricing mechanism indicates that the warrant holders had already paid 25% of the exercise price at the time of initial warrant allotment.

Outstanding Warrant Position

The current conversion is part of a larger warrant allocation to Mangal Keshav Capital Limited. The company provided a comprehensive breakdown of the warrant status:

Warrant Status:	Number of Warrants
Total Warrants Allotted:	12,00,000
Warrants Already Converted:	0
Warrants Converted (Current):	4,00,000
Warrants Pending Conversion:	8,00,000

This indicates that Mangal Keshav Capital Limited still holds 8,00,000 warrants that remain available for future conversion, representing a potential additional capital infusion opportunity for the company.

Impact on Share Capital

The warrant conversion has resulted in a measurable increase in the company's paid-up equity share capital. The allotment expanded the equity base and strengthened the company's capital structure.

Capital Structure:	Before Conversion	After Conversion	Change
Paid-up Equity Shares:	1,87,56,738	1,91,56,738	+4,00,000
Paid-up Capital:	₹18.76 crores	₹19.16 crores	+₹0.40 crores

The newly allotted equity shares will rank pari-passu with existing equity shares in all respects, including dividend rights. This ensures equal treatment for all shareholders and maintains the uniform nature of the company's equity structure.

Regulatory Compliance

Candour Techtex Limited has fulfilled all regulatory requirements associated with the warrant conversion process. The company disclosed the transaction under Regulation 30 of the SEBI Listing Regulations, 2015, ensuring transparency for stakeholders. The Board meeting was concluded at 5:30 PM IST on December 12, 2025, with all necessary approvals obtained for the allotment process.