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/-.

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.

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.

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.

Candour techtex Limited has proactively disclosed clerical corrections in its preferential allottee list to BSE Limited and Metropolitan Stock Exchange of India Limited on February 16, 2026. The company identified inadvertent clerical and typographical errors in the names of a limited number of proposed allottees during an internal review and reconciliation exercise.

Key Clarifications on Corrections

The company emphasized that all PAN numbers remain completely unchanged, with no alterations to the identity of any proposed allottee. The corrections are strictly limited to aligning allottee names with their respective PAN records, involving no substitution, addition, deletion, or replacement of any allottee.

Detailed Corrections in Equity Allottees

The corrections affect 17 equity allottees with various clerical issues including spelling errors, missing name components, and incorrect surnames. Notable corrections include Jinali Nilesh Shah corrected to Jinali Nilesh Mehta for 25,000 shares, and Shree Gurukrupa Tradelink Pvt Ltd name completion for 60,000 shares.

Warrant Allottee Correction

One warrant allottee correction involves Janakben H Jhala corrected to Janakba H. Zala for 15,000 warrants, addressing both spelling and surname errors while maintaining the same PAN number.

Regulatory Compliance Confirmation

The company confirmed that these rectificatory corrections do not impact compliance with SEBI regulations, Companies Act 2013, or other applicable laws. The total number of proposed allottees remains within limits prescribed under Rule 14(2) of the Companies (Prospectus and Allotment of Securities) Rules, 2014. Managing Director Jayesh Ramniklal Mehta signed the disclosure, requesting exchange approval for the revised allottee list reflecting correct names as per PAN records.