Marble City India Limited announced the successful conversion of 7,84,312 warrants into equity shares following a board meeting held on January 30, 2026. The conversion represents a significant capital restructuring exercise that increases the company's equity base and strengthens its financial position.

Board Meeting Outcomes

The board of directors approved the allotment of 7,84,312 equity shares at an issue price of Rs. 17.00 each, including a premium of Rs. 12.00 per share. The conversion was executed on a preferential basis to promoters upon receipt of the balance amount aggregating to Rs. 99,99,978. The board meeting commenced at 05:00 P.M. and concluded at 05:30 P.M.

Allottee Details and Holdings

The conversion involved two promoters - Saket Dalmia and Amit Dalmia - who exercised their conversion rights for equal portions of the warrants. Both allottees converted 3,92,156 warrants each, with significant warrants remaining pending for future conversion.

Impact on Shareholding Structure

The conversion significantly altered the shareholding pattern of both promoters. Their equity holdings increased substantially following the warrant exercise, demonstrating continued commitment to the company's growth.

Capital Structure Enhancement

Consequent to the warrant conversion, the company's issued and paid-up capital increased to Rs. 12,19,97,100, consisting of 2,43,99,420 equity shares of Rs. 5.00 each. The newly allotted equity shares rank pari-passu with existing equity shares, ensuring equal rights and privileges for all shareholders.

Regulatory Compliance

The conversion was executed in accordance with SEBI (ICDR) Regulations, 2018, and reported under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The original warrants were allotted on September 10, 2024, with initial payment of Rs. 4.25 per warrant representing 25% of the issue price, while the current conversion involved payment of the remaining 75% at Rs. 12.75 per warrant.

Marble City , a prominent player in the marble industry, has released its financial results for the second quarter of fiscal year 2026, revealing a decline in both revenue and profitability.

Key Financial Highlights

The company's performance showed a significant downturn compared to the previous quarter:

• Revenue Decline: Net revenue decreased by 30.2% quarter-on-quarter, falling from Rs 200.70 lakhs in Q1 FY26 to Rs 140.05 lakhs in Q2 FY26.
• Profit Reduction: Net profit saw a sharp decline of 34.7%, dropping from Rs 55.20 lakhs to Rs 36.06 lakhs.

Board Approval and Reporting

The Board of Directors of Marble City convened on November 14, 2025, to review and approve these unaudited financial results. The meeting, which began at 5:00 PM, concluded at 5:20 PM, adhering to regulatory requirements for timely disclosure.

Consolidated Performance

On a consolidated basis, the company's performance showed some resilience:

• Consolidated Revenue: Rs 1,808.57 lakhs for Q2 FY26
• Consolidated Net Profit: Rs 255.37 lakhs for the same period

Balance Sheet Highlights

As of September 30, 2025, Marble City reported:

• Total Assets: Rs 18,886.37 lakhs
• Total Equity: Rs 6,502.00 lakhs
• Total Liabilities: Rs 12,384.38 lakhs

Cash Flow and Liquidity

The company maintained a stable cash position:

• Cash and Cash Equivalents: Rs 499.50 lakhs as of September 30, 2025
• Net Cash Used in Operating Activities: Rs (97.25) lakhs for the half-year ended September 30, 2025

Auditor's Review

Ajay Aaditya & Company, the company's statutory auditors, conducted a limited review of the financial statements. They reported that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

While Marble City faces challenges in the current quarter, the company's consolidated performance and stable financial position suggest it has resources to navigate through this period of reduced revenue and profitability. Investors and stakeholders will likely be watching closely to see how the company responds to these headwinds in the coming quarters.