Kati Patang Lifestyle Limited has successfully completed the conversion of 54,35,000 warrants into equity shares on February 21, 2026, marking a significant milestone in the company's capital structure enhancement. The Board of Directors approved the allotment following the exercise of conversion rights by warrant holders, raising ₹4,07,62,500 through the process.

Warrant Conversion Details

The conversion involved 15 warrant holders across promoter and non-promoter categories, with each warrant converted into one equity share of face value ₹10. The exercise price was set at ₹7.50 per warrant, representing 75% of the total warrant price of ₹10 per warrant.

Major Allottees and Distribution

Among the significant allottees, Alt Attitude Advisory LLP received the largest allocation of 18,60,000 equity shares for ₹1,39,50,000. Shantanu Upadhyay was allotted 8,50,000 shares for ₹63,75,000, while Samrath Bedi from the promoter group received 7,50,000 shares for ₹56,25,000.

Impact on Share Capital

The warrant conversion has substantially increased the company's equity base. Post-allotment, the fully paid-up equity share capital expanded from 3,58,98,280 shares to 4,13,33,280 shares. The newly allotted equity shares rank pari-passu with existing fully paid equity shares, including dividend rights.

Warrant Issuance Background

The warrants were originally issued on August 22, 2024, following EGM approval granted on July 25, 2024. The total warrant issuance comprised 69,10,000 warrants, of which 14,75,000 warrants were previously converted on March 28, 2025. With the current conversion of 54,35,000 warrants, all outstanding warrants have been fully exercised, with no warrants remaining for future conversion.

Regulatory Compliance

The allotment was conducted in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements and made the information available on its website. The Board meeting was held on February 21, 2026, from 4:00 PM to 5:00 PM IST, with Company Secretary Sanjeev K Jha overseeing the regulatory compliance process.

Kati Patang Lifestyle Limited has disclosed significant share transactions by two of its key personnel under SEBI's insider trading regulations. Director Shantanu Upadhyay and Promoter-Director Gokul Naresh Tandan executed substantial equity disposals through market sales completed in February 2026.

Combined Transaction Overview

The share disposals involved a total transaction value of ₹96.50 crore across both directors. The transactions were executed as market sales on February 16, 2026, with the company receiving intimation on February 18, 2026.

Individual Shareholding Changes

Both transactions resulted in notable reductions in the respective shareholding percentages of the directors in the company.

Shantanu Upadhyay (Director & KMP)

Gokul Naresh Tandan (Promoter-Director)

Director Profiles

Shantanu Upadhyay serves as a Director and Key Managerial Personnel (KMP) of Kati Patang Lifestyle Limited, classified as a non-promoter group member. His contact details include a Greater Kailash-2, New Delhi address and email shantanu@iamkatipatang.com .

Gokul Naresh Tandan holds the position of Promoter-Director in the company's management structure. He is based at Panchsheel Park, New Delhi, with contact email gokul@virtsoft.com .

Regulatory Compliance

The disclosures were made pursuant to Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. Company Secretary Sanjeev K Jha filed the mandatory Form C with BSE Limited on February 19, 2026. The company trades on BSE under the scrip symbol KATIPATANG with scrip code 531126 and ISIN INE237C01016.

Both filings confirm no derivative trading activities were undertaken by the directors in connection with these transactions. All documentation was digitally signed and submitted in compliance with regulatory requirements for continual disclosure under SEBI regulations.