MFS Intercorp Limited has announced the successful allotment of 60,00,000 convertible warrants on a preferential basis to non-promoter investors. The allotment was completed on March 12, 2026, following approval from the company's Preferential Issue Committee and compliance with regulatory requirements.

Warrant Issue Details

The convertible warrants were issued at a price of Rs.15.00 each, representing the combined warrant subscription price and warrant exercise price. The total value of the warrant issue amounts to Rs.2,25,00,000.

Allottee Distribution

The warrants were allocated among four non-promoter investors, with three investors receiving equal allocations of 16,00,000 warrants each. The company has received 25% of the warrant issue price upfront from all allottees.

Regulatory Approvals and Timeline

The warrant allotment process followed a structured approval timeline with multiple regulatory checkpoints. The company obtained necessary approvals from shareholders and the stock exchange before proceeding with the allotment.

Key milestones in the approval process included:

• BSE Limited granted in-principal approval on February 19, 2026
• Shareholders passed the resolution on March 1, 2026
• Preferential Issue Committee approved the allotment on March 12, 2026

The allotment was conducted in accordance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and the provisions of SEBI ICDR Regulations, 2018. The company has informed BSE Limited about the completion of the warrant allotment for record-keeping purposes.

MFS Intercorp Limited has announced the successful completion of its postal ballot process, with shareholders approving two significant special resolutions that will reshape the company's capital structure. The voting process concluded on March 01, 2026, with the company officially disclosing the voting results on March 03, 2026, under Regulation 44 of SEBI Listing Regulations.

Postal Ballot Overview

The postal ballot was conducted with a record date of January 23, 2026, covering 3858 total shareholders on record. The voting period commenced at 10:00 A.M. on Friday, January 30, 2026, and concluded at 05:00 P.M. on Sunday, March 01, 2026. Ankurkumar Dineshchandra Gandhi of Ankur Gandhi & Associates served as the scrutinizer for the postal ballot process.

Resolution Results

Both special resolutions received identical voting patterns, with strong majority support from participating shareholders. The voting was conducted entirely through electronic means, with no physical postal ballots received.

Resolution 1: Authorized Share Capital Increase

The first resolution concerning increase in authorized share capital and consequent alteration of memorandum of association received overwhelming support with 76.05% votes in favor.

Resolution 2: Convertible Warrants Issuance

The second resolution for issuance of convertible warrants on a preferential basis received identical shareholder approval, also securing 76.05% votes in favor.

Shareholder Participation Analysis

The postal ballot saw participation from public non-institutional shareholders, who held 4321600 shares and polled 1622595 votes, representing 37.5462% of their holdings. Public institutional shareholders holding 3300 shares did not participate in the voting process. Notably, promoter and promoter group participation was zero across both resolutions.

Regulatory Compliance

The postal ballot process was conducted in accordance with Section 110 and 108 of the Companies Act, 2013, along with relevant rules and SEBI listing regulations. The company disclosed the voting results under Regulation 44 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring full regulatory compliance and transparency for all stakeholders. Director Kiran Vishwakarma (DIN: 10526319) signed the official disclosure documents on March 03, 2026.