News Corporate Actions Candour Techtex Limited Completes Preferential Allotment of Equity Shares and Convertible WarrantsCandour Techtex Limited Completes Preferential Allotment of Equity Shares and Convertible Warrants
Candour Techtex Limited completed a preferential allotment of 52,54,700 equity shares and 79,72,600 convertible warrants at Rs. 125/- per share on February 16, 2026. The company received Rs. 24,91,43,750 as 25% consideration for warrants, which are convertible within 18 months. However, allotments for 15,31,700 equity shares and 10,99,400 warrants were cancelled due to non-receipt of funds. Post-allotment, promoter shareholding will increase from 32.89% to 36.10% on a fully diluted basis.
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Candour Techtex Limited has completed a significant preferential allotment of equity shares and convertible warrants, marking a major capital raising initiative for the Mumbai-based textile company. The Board of Directors approved the allotment on February 16, 2026, under the provisions of SEBI (ICDR) Regulations, 2018.
Allotment Details
The company successfully allotted securities to multiple investors at a premium price of Rs. 125/- per share, including a premium of Rs. 115/- over the face value of Rs. 10/-.
| Security Type: | Quantity Allotted | Issue Price (Rs.) | Total Value (Rs.) |
|---|---|---|---|
| Equity Shares: | 52,54,700 | 125/- | 65,68,37,500 |
| Convertible Warrants: | 79,72,600 | 125/- | 99,65,75,000 |
Warrant Consideration and Terms
For the convertible warrants, Candour Techtex received the mandatory 25% upfront consideration totaling Rs. 24,91,43,750 (Rs. 31.25 per warrant). The warrants are fully convertible into equivalent equity shares within a maximum period of 18 months from the allotment date. Each warrant can be converted into one fully paid-up equity share of face value Rs. 10/- at the same price of Rs. 125/-.
Cancelled Allotments
Due to non-receipt of allotment money by the due date, the board cancelled several proposed allotments. The cancellations included 15,31,700 equity shares and 10,99,400 warrants across multiple investors who failed to remit the required funds.
| Cancelled Securities: | Quantity |
|---|---|
| Equity Shares: | 15,31,700 |
| Warrants: | 10,99,400 |
Shareholding Pattern Impact
The preferential allotment will significantly alter the company's shareholding structure. Post-allotment, including full conversion of warrants, the shareholding pattern will change substantially.
| Category: | Pre-Issue Shares | Pre-Issue (%) | Post-Issue Shares | Post-Issue (%) |
|---|---|---|---|---|
| Promoters & Promoter Group: | 61,69,411 | 32.89 | 1,16,89,411 | 36.10 |
| Public: | 1,29,87,327 | 67.11 | 2,06,94,627 | 63.90 |
| Total: | 1,91,56,738 | 100.00 | 3,23,84,038 | 100.00 |
Investor Base
The allotment attracted a diverse investor base including individual investors, HUFs, and corporate entities. Major equity share allottees included Sweta Lath (2,50,000 shares), Pradeep Sekhri (1,60,000 shares), and several other investors with allocations ranging from 10,000 to 1,00,000 shares each. For warrants, Jayesh R. Mehta emerged as the largest allottee with 55,20,000 warrants, followed by Kadoli Investment Limited with 5,00,000 warrants.
The successful completion of this preferential issue strengthens Candour Techtex's capital base while maintaining regulatory compliance under SEBI guidelines. The company has taken necessary actions regarding cancelled allotments in accordance with the Companies Act, 2013, and applicable SEBI regulations.
Historical Stock Returns for Candour Techtex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.25% | +1.04% | -6.95% | +109.50% | +63.29% | +129.01% |
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