News Corporate Actions Kati Patang Lifestyle Limited Converts 54.35 Lakh Warrants into Equity SharesKati Patang Lifestyle Limited Converts 54.35 Lakh Warrants into Equity Shares
Kati Patang Lifestyle Limited completed the conversion of 54,35,000 warrants into equity shares on February 21, 2026, raising ₹4,07,62,500 from 15 warrant holders. The conversion involved 3 promoter group members receiving 15,30,000 shares and 12 non-promoter group members receiving 39,05,000 shares at an exercise price of ₹7.50 per warrant. Post-conversion, the company's paid-up equity capital increased from 3,58,98,280 shares to 4,13,33,280 shares, completing the full exercise of all outstanding warrants originally issued in August 2024.
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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.
| Category: | Number of Allottees | Shares Allotted | Amount Received (₹) |
|---|---|---|---|
| Promoter Group: | 3 | 15,30,000 | 1,14,75,000 |
| Non-Promoter Group: | 12 | 39,05,000 | 2,92,87,500 |
| Total: | 15 | 54,35,000 | 4,07,62,500 |
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.
| Allottee: | Category | Shares Allotted | Amount (₹) |
|---|---|---|---|
| Alt Attitude Advisory LLP: | Non-Promoter | 18,60,000 | 1,39,50,000 |
| Shantanu Upadhyay: | Non-Promoter | 8,50,000 | 63,75,000 |
| Samrath Bedi: | Promoter Group | 7,50,000 | 56,25,000 |
| Gokul Naresh Tandan: | Promoter | 6,50,000 | 48,75,000 |
| Sanjay K Jain: | Non-Promoter | 4,00,000 | 30,00,000 |
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.
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