KATI PATANG LIFESTYLE LIMITED has successfully completed the conversion of warrants into equity shares following its board meeting held on February 21, 2026. The company allotted 54,35,000 equity shares of face value ₹10.00 each to 15 warrant holders from both promoter and non-promoter groups, raising ₹4,07,62,500 through the conversion process.

Board Meeting Outcome and Regulatory Compliance

The board meeting, conducted from 4:00 PM to 5:00 PM IST on February 21, 2026, approved the conversion of warrants originally issued on August 22, 2024. The conversion was executed following the exercise of options by warrant holders, with approval previously granted at the EGM held on July 25, 2024. The process was conducted under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Detailed Allottee Distribution and Holdings

The allotment was distributed among 15 warrant holders across promoter and non-promoter categories. Warrant holders paid the remaining exercise price of ₹7.50 per warrant, representing 75% of the warrant exercise price of ₹10.00 per warrant.

Major Allottees and Individual Holdings

Among the significant allottees, Alt Attitude Advisory LLP received the largest allocation of 18,60,000 equity shares for ₹1,39,50,000 in the non-promoter category. In the promoter category, Gokul Naresh Tandan received 6,50,000 equity shares for ₹48,75,000, while Samrath Bedi from the promoter group received 7,50,000 shares for ₹56,25,000. Other notable allottees include Shantanu Upadhyay with 8,50,000 shares and Sanjay K Jain with 4,00,000 shares.

Impact on Share Capital and Outstanding Warrants

Following this allotment, the company's paid-up equity share capital increased from 3,58,98,280 equity shares to 4,13,33,280 equity shares. The newly allotted equity shares rank pari-passu with existing fully paid equity shares, including dividend rights. Notably, this conversion completes the warrant exercise process, with no warrants remaining outstanding for future conversion, as confirmed in the regulatory disclosure.

Previous Warrant Conversion History

The company had previously converted 14,75,000 warrants on March 28, 2025, indicating a phased approach to warrant conversion. The total original warrant issuance was 69,10,000 warrants, with the current conversion of 54,35,000 warrants completing the entire warrant conversion program. The announcement was digitally signed by Sanjeev Kumar Jha, Company Secretary (FCS: 8690), and the information has been made available on the company's website at www.katipatang.com .

Kati Patang Lifestyle Limited has filed mandatory disclosures under SEBI (Prohibition of Insider Trading) Regulations, 2015, reporting significant shareholding changes by key management personnel and promoter. The company submitted Form C disclosures on February 19, 2026, detailing equity share transactions executed by two key stakeholders.

Key Management Personnel Transaction

Director Shantanu Upadhyay executed a substantial equity share transaction, reducing his stake in the company. The transaction details are presented below:

Upadhyay's transaction represents an off-market sale that reduced his shareholding percentage by 0.38 percentage points while maintaining his position as a significant non-promoter stakeholder in the company.

Promoter Group Transaction

Promoter-Director Gokul Naresh Tandan also reduced his equity holding through a market transaction. His shareholding changes are detailed as follows:

Tandan's transaction resulted in a 0.91 percentage point reduction in his shareholding, though he continues to maintain a substantial promoter stake exceeding 22% of the company's equity.

Transaction Summary and Compliance

Both stakeholders completed their transactions on February 16, 2026, and provided intimation to the company on February 18, 2026. The combined transaction value totaled ₹96,48,499, representing the disposal of 4,62,938 equity shares.

The disclosures were signed by Company Secretary Sanjeev K Jha and submitted to BSE Limited, ensuring compliance with regulatory requirements. Both transactions were executed through market sales, indicating normal trading activity rather than structured off-market transfers. Neither stakeholder reported any derivative trading activity during the disclosure period.