Longspur International Ventures Limited announced significant capital restructuring decisions following its board meeting held on March 4, 2026. The board approved a preferential issue of up to 1,50,00,000 equity shares with a face value of ₹10 each, priced at ₹10 per share, raising ₹15,00,00,000 through strategic allocation to 30 identified investors.

Preferential Issue Structure

The preferential allotment will be conducted in accordance with Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The issue targets both promoter and non-promoter categories with varying allocation sizes.

Key Allottee Distribution

The allocation demonstrates a strategic mix of promoter participation and external investor engagement. Major allocations include promoter Manoj Jain receiving the largest share allocation, followed by significant non-promoter investments.

Post-Allotment Shareholding Impact

The preferential issue will significantly alter the company's shareholding structure. Promoter Manoj Jain's holding will decrease from 22.48% to 15.70% post-allotment, while new investors will gain substantial stakes in the company.

Regulatory Compliance and Process

The company has made comprehensive arrangements for regulatory compliance, including preparation for an Extra-Ordinary General Meeting (EGM) to seek shareholder approval. The board meeting was conducted at the company's registered office at 9, Botawala Building, 3rd Floor, 11/13, Horniman Circle, Fort, Mumbai, with proper disclosure made to BSE Limited under Regulation 30 of SEBI (LODR) Regulations, 2015.

The preferential issue represents a strategic capital raising initiative that will provide the company with enhanced financial resources while bringing in a diverse group of investors across different investment categories and allocation sizes.

Longspur International Ventures Limited has scheduled a board meeting for March 4, 2026, to consider a fund raising proposal, following its previous board approval for a comprehensive fundraising plan worth up to Rs. 20.00 crores.

Upcoming Board Meeting Details

The company has intimated BSE Limited about the scheduled board meeting under Regulation 29(1)(d) of SEBI (LODR) Regulations, 2015. The meeting will be held at the company's registered office in Mumbai to deliberate on fund raising initiatives.

Fund Raising Proposal Agenda

The board will consider raising funds through various financial instruments and modes. The proposal encompasses multiple securities types and issuance methods to provide flexibility in capital mobilization.

The meeting agenda includes considering proposal for raising funds through qualified institutions placement, rights issuance, preferential allotment, further public offer, and other permissible modes. The board will also consider seeking shareholder approval for the fund raising proposal as required under applicable laws.

Trading Window Closure

In compliance with insider trading regulations, the company has announced closure of the trading window for dealing in its securities. The trading window will remain closed from February 26, 2026, until 48 hours after the declaration of the board meeting outcome.

Previous Board Approval

The company's board had previously approved a comprehensive fundraising plan worth up to Rs. 20.00 crores during its February 23, 2026 meeting. The earlier approval covered various securities including equity shares, warrants, and convertible securities through multiple issuance modes targeting both promoters and non-promoters.

Company Secretary and Compliance Officer Shweta Sharma has signed the official communication ensuring proper regulatory disclosure compliance under SEBI regulations.