Innovana Thinklabs Limited , a company listed on both the National Stock Exchange and Bombay Stock Exchange, has made a significant move in its capital structure. The company's promoters, led by Chandan Garg, have been allotted 860,000 warrants through a preferential issue, as announced by the company's Board of Directors on September 5, 2025.

Warrant Allotment Details

The preferential issue has resulted in the following changes to the company's shareholding structure:

• Total warrants allotted: 860,000
• Promoter group's equity shareholding: Remains at 68.95%
• Additional warrant holding by promoters: 0.56%

Impact on Share Capital

The warrant allotment has implications for Innovana Thinklabs' share capital:

• Current equity share capital: 2.05 crore shares of Rs. 10 each
• Total diluted share capital (including warrants): 2.136 crore shares

Promoter Group Participation

The warrants were allotted to several members of the promoter group, including:

• Chandan Garg (Acquirer)
• Kapil Garg
• Priyanka Garg
• Swaran Kanta
• Nancy
• Akash Bansal
• Narendra Kumar Garg

Chandan Garg, the primary acquirer, was allotted 120,000 warrants, representing 0.56% of the total diluted share capital.

Shareholding Structure

The current shareholding structure of Innovana Thinklabs, post-warrant allotment, is as follows:

Additional Corporate Updates

In a separate development, Innovana Thinklabs announced the resignation of Mr. Hemant Koushik (DIN: 08853746) as an Independent Director, effective September 5, 2025. Mr. Koushik cited preoccupation and personal commitments as reasons for his departure. He also serves as an Independent Director at Mach Conferences and Events Limited and Innovana Techlabs Limited.

The preferential allotment of warrants to the promoter group signifies a potential increase in their stake in the company, subject to the conversion of these warrants into equity shares. This move may be seen as a sign of the promoters' confidence in the company's future prospects.

Innovana Thinklabs Limited (ITL) has announced a significant development in its subsidiary, Innovana Astro Services Limited (IASL). The company's stake in IASL has decreased from 92.01% to 86.03% following a strategic share issuance to external parties.

Share Issuance Details

The share issuance was completed on August 14, 2025, with IASL offering equity shares at a premium. The shares, with a face value of ₹10, were priced at ₹40,000 per equity share. This move generated a total consideration of ₹15.09 crore for the subsidiary.

Financial Performance of IASL

For the financial year ended March 31, 2025, Innovana Astro Services Limited reported:

Strategic Decision

Innovana Thinklabs Limited stated that this strategic decision was implemented to address specific business objectives and ensure the continued growth and success of Innovana Astro Services Limited. The move is expected to provide the subsidiary with additional capital for its operations and expansion plans.

Regulatory Compliance

The company has duly informed the stock exchanges about this development, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was made to both the BSE Limited and the National Stock Exchange of India Limited.

Impact on Innovana Thinklabs

While the stake dilution reduces Innovana Thinklabs' ownership in its subsidiary, the infusion of fresh capital into IASL is likely to strengthen its financial position and potentially contribute to the parent company's consolidated performance in the future.

Investors and stakeholders will be keenly watching how this strategic move unfolds and its impact on both Innovana Astro Services Limited and Innovana Thinklabs Limited in the coming quarters.