Candour Techtex Limited has issued a clarification regarding clerical errors in its preferential allottee list submitted to BSE Limited and Metropolitan Stock Exchange of India Limited. The company identified specific inadvertent errors in the allottee annexure that accompanied the allotment intimation.

Specific Clerical Errors Identified

The company disclosed that Ms. Chika Nirav Gala's name was mistakenly mentioned twice in the original annexure for allotment of 20,000 and 16,000 equity shares. However, the company has actually allotted only 16,000 equity shares to her. Additionally, the annexure inadvertently omitted the name of Ms. Bhavana Rajesh Bhanushali, who has been duly allotted 20,000 equity shares.

Comprehensive Allotment Details

The revised allottee list reveals the complete scope of the preferential issue. For equity shares, the company has allotted a total of 52,54,700 shares worth ₹65,68,37,500 to 159 allottees. The largest individual allotment went to Sweta Lath with 2,50,000 shares valued at ₹3,12,50,000, followed by Pradeep Sekhri with 1,60,000 shares worth ₹2,00,00,000.

Warrant Allottee Distribution

For convertible warrants, the company has allotted 79,72,600 warrants to 69 allottees. Managing Director Jayesh R. Mehta received the largest warrant allotment of 55,20,000 warrants, followed by Kadoli Investment Limited with 5,00,000 warrants and S.V. Enterprises with 1,60,000 warrants.

Regulatory Compliance Confirmation

The company emphasized that these corrections are purely clerical in nature and do not affect the substance of the allotments. All PAN numbers, addresses, categories, securities quantities, consideration amounts, and the total number of allottees remain unchanged and within prescribed regulatory limits. Managing Director Jayesh Ramniklal Mehta signed the clarification, requesting exchange approval for the revised allottee list that accurately reflects the names as per official records.

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.