Express Infra Financial Consultancy Private Limited has made a significant move in the capital market by acquiring a 6.12% stake in Shri Gang Industries and Allied Products Limited . This acquisition was executed through the conversion of outstanding unsecured loans into Compulsory Convertible Preference Shares (CCPS) on November 11, 2025.

Transaction Details

The transaction involved the conversion of Rs. 12,99,99,969.00 of outstanding unsecured loans into 13,13,131 Compulsory Convertible Preference Shares. These CCPS are convertible into an equivalent number of equity shares at a price of Rs. 99.00 per share. This strategic move represents 6.12% of the post-allotment fully diluted paid-up share capital of Shri Gang Industries.

Impact on Shareholding

The conversion of debt to equity through CCPS issuance is a significant corporate action that may alter the company's capital structure. While the immediate impact on the shareholding pattern is the addition of Express Infra Financial Consultancy as a substantial shareholder, the full effect will be realized upon the conversion of these preference shares into equity.

Recent Corporate Actions

This transaction comes on the heels of other significant corporate actions by Shri Gang Industries. On November 13, 2025, the company's Nomination and Remuneration Committee approved the allotment of 7,50,000 sweat equity shares to Mr. Varun Gupta, the Chief Operating Officer and a member of the promoter group.

Sweat Equity Allotment Details

This sweat equity allotment, made for non-cash consideration, further demonstrates the company's efforts to align management interests with those of shareholders.

Conclusion

These corporate actions, including the stake acquisition by Express Infra Financial Consultancy and the sweat equity allotment, indicate significant changes in Shri Gang Industries' capital structure and potentially its strategic direction. Investors and market watchers may want to closely monitor further developments and their potential impact on the company's future performance and governance.

Shri Gang Industries and Allied Products Limited has made a significant move in its equity structure by allotting 7,50,000 sweat equity shares to its Chief Operating Officer, Varun Gupta. This decision, approved by the company's Nomination and Remuneration Committee, marks a notable change in the company's shareholding pattern.

Key Details of the Allotment

Impact on Shareholding

The allotment of sweat equity shares has resulted in a significant change in Varun Gupta's stake in the company:

• Pre-allotment shareholding: Nil
• Post-allotment shareholding: 7,50,000 shares (3.38% of the fully diluted paid-up equity capital)

It's worth noting that the company had previously allotted 7,50,000 fully convertible warrants to Mr. Gupta, which were not considered in calculating the pre-allotment shareholding.

Regulatory Compliance

The allotment was made in accordance with Regulation 41(c) of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Shri Gang Industries has duly informed the BSE Limited about this development, adhering to the disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Implications

This allotment of sweat equity shares to the COO, who belongs to the promoter group, may be seen as a move to align the interests of key management personnel with those of the company and its shareholders. It potentially incentivizes long-term commitment and performance from a crucial member of the leadership team.

Investors and market watchers may want to keep an eye on how this change in shareholding structure might influence the company's strategic decisions and performance in the coming quarters.