Longspur International Ventures Limited concluded its board meeting held on March 10, 2026, announcing significant revisions to its preferential issue proposal and approval of allottees for the fund raising exercise. The board approved a substantial revision in the preferential issue, superseding the earlier approval granted on March 4, 2026.

Revised Preferential Issue Details

The board approved the issuance of up to 2.03 crore equity shares of face value ₹10 each for cash at ₹10 per share, aggregating up to ₹20.35 crores. The revised parameters demonstrate enhanced capital requirements compared to the original proposal:

The preferential issue will be conducted in accordance with Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, subject to shareholder approval and requisite regulatory approvals.

Allottee Distribution and Major Investors

The board approved allotment to 33 proposed allottees comprising both promoter and non-promoter entities. The allocation structure includes one promoter and 32 non-promoter investors:

Major individual allocations include Mr. Manoj Jain (Promoter), Ms. Pritika Surana, Mr. Vinod Harmukhrai Beriwal, and M/s Kuber Equity Services LLP, each receiving 16.50 lakh shares. Chirag Shantilal Shah (HUF) will receive 10.00 lakh shares, while several investors including Mr. Kamlesh S Chechani, M/s Ananya Financial Solutions India Pvt. Ltd., Mr. Raj Thakur, and Mr. Manas Thakur are designated for 8.50 lakh shares each.

Post-Allotment Shareholding Impact

The preferential issue will significantly alter the company's shareholding pattern. Mr. Manoj Jain's shareholding will increase from 30.69 lakh shares (22.48%) to 47.19 lakh shares (13.88%) post-allotment. New significant shareholders will include Ms. Pritika Surana with 4.85% stake, Mr. Vinod Harmukhrai Beriwal with 4.91%, and M/s Kuber Equity Services LLP with 4.91% post-allotment.

Regulatory Compliance and Next Steps

The board approved convening an Extraordinary General Meeting (EGM) to seek shareholder approval for the preferential issue. The company will provide necessary details and disclosures regarding the revision, including the complete list of proposed allottees, in the Explanatory Statement forming part of the EGM Notice. The disclosure was made to BSE Limited under Regulation 30 of SEBI (LODR) Regulations, 2015, signed by CS Ms. Shweta Sharma, Company Secretary and Compliance Officer.

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.