GEE Limited 's Board of Directors has successfully completed the allotment of 51,00,000 convertible warrants on a preferential basis, marking a significant capital raising initiative for the company. The board meeting held on January 5, 2026, formalized the allotment following comprehensive regulatory approvals and member consent.

Warrant Allotment Details

The convertible warrants were issued at ₹80.00 per warrant, including a premium of ₹78.00 per warrant over the face value of ₹2.00. The allotment follows a structured payment mechanism where investors pay ₹20.00 per warrant upfront (25% of the issue price) and the remaining ₹60.00 upon conversion to equity shares.

Investor Distribution and Categories

The warrants were allocated among 14 investors comprising both promoters and non-promoters. The distribution shows strategic participation from existing promoters while bringing in new non-promoter investors.

Major Allottees and Holdings

Umesh Agarwal, Joint Managing Director, received the largest allocation of 15,00,000 warrants, requiring an upfront payment of ₹3.00 crores. Om Prakash Agarwal, another promoter, was allotted 7,00,000 warrants with an upfront payment of ₹1.40 crores. Among non-promoters, Payal Seksaria received the highest allocation of 11,00,000 warrants, contributing ₹2.20 crores upfront.

SEBI Takeover Regulation Disclosure

Following the warrant allotment, Umesh Agarwal filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure details the change in aggregate shareholding of promoter group constituents consequent to the allotment of 22,00,000 equity convertible warrants representing 3.85% of the expanded equity share capital.

Post-Conversion Impact on Share Capital

The company's shareholding structure will undergo significant changes upon full conversion of the warrants. The current post-bonus share capital stands at 5,19,76,932 shares, which will increase to 5,70,76,932 shares assuming complete warrant conversion.

Regulatory Compliance and Timeline

The allotment was executed following member approval obtained on September 26, 2025, and BSE Limited's in-principle approval dated December 23, 2025. The warrants are subject to lock-in provisions as per Chapter V of the SEBI ICDR Regulations. The board meeting commenced at 6:00 PM and concluded at 6:30 PM on January 5, 2026, with all necessary regulatory disclosures completed as per SEBI requirements.

GEE Limited , a prominent player in the real estate sector, has announced its participation in a new development project that could significantly boost its revenue potential. The company has shared details of its expected share in the project and the estimated financial impact.

Project Details

Key Highlights

• Substantial Area Share: GEE anticipates receiving around 290,000 square feet of RERA-approved constructed area as its share in the new project.
• Significant Revenue Projection: The company expects the project to generate revenue potential exceeding ₹400 crore over its duration.
• RERA Compliance: The mentioned constructed area is RERA-approved, indicating adherence to regulatory standards set by the Real Estate Regulatory Authority.

This development represents a potentially significant opportunity for GEE to strengthen its market position and enhance its financial performance. The substantial revenue potential from this single project underscores the scale and importance of this venture for the company.

Investors and stakeholders may want to keep a close eye on further announcements regarding the project's timeline, specific location, and any updates on the expected financial impact as the development progresses.