Piccadily Agro Industries Limited has successfully completed its ₹211.99 crore fundraising through the conversion of 28.49 lakh Compulsorily Convertible Debentures (CCDs) into equity shares, with the newly issued shares now officially listed and trading on both NSE and BSE from December 26, 2025.

CCD Conversion Details

The conversion process involved transforming CCDs into equity shares at a predetermined price, marking a significant milestone in the company's capital structure enhancement.

Official Listing and Trading Approval

Following regulatory compliance, both NSE and BSE granted trading approval on December 24, 2025, with the shares commencing trading from December 26, 2025. The listing was executed under preferential basis pursuant to the conversion of compulsory convertible debentures.

Impact on Share Capital Structure

The conversion has substantially increased the company's equity base and paid-up capital:

Major Allottees and Investor Participation

Authum Investment and Infrastructure Limited emerged as the largest participant, receiving 4,03,225 shares worth approximately ₹30 crore. Other significant allottees included Discovery Global Opportunity (Mauritius) Ltd with 3,49,462 shares, Alchemy Emerging Leaders of Tomorrow with 2,35,215 shares, and individual investors Lashit Sanghvi and Neha L Sanghvi, each receiving 2,15,053 shares.

Regulatory Compliance and Share Rights

The entire process was conducted in accordance with SEBI regulations and the Postal Ballot dated July 30, 2024. The newly allotted equity shares carry full voting and dividend rights, ranking pari-passu with existing equity shares in all respects.

Strategic Implications

This successful conversion and subsequent listing demonstrates strong investor confidence in Piccadily Agro's business prospects. The ₹211.99 crore capital infusion strengthens the company's financial position and provides resources for operational expansion and growth initiatives in the agro-industry sector.

Piccadily Agro Industries Ltd , a company engaged in the agro-industrial sector, has announced a significant upcoming board meeting that could potentially impact its shareholding structure. The company has scheduled a Board of Directors meeting for September 10, 2025, to deliberate on the conversion of Compulsory Convertible Debentures (CCDs) into equity shares.

Key Points of the Announcement

• Meeting Date: The board meeting is set for Wednesday, September 10, 2025.
• Primary Agenda: To approve the conversion of 28,49,448 Compulsory Convertible Debentures (CCDs) into equity shares.
• Conversion Ratio: Each debenture is proposed to be converted into one equity share.
• Target Category: The conversion is intended for the Non-Promoter/Public Shareholder Category.

Implications of the Proposed Conversion

The proposed conversion of CCDs to equity shares is a significant move that could have several implications:

1. Equity Dilution: If approved, this conversion would lead to an increase in the number of outstanding equity shares of the company.
2. Shareholding Pattern: The conversion could potentially alter the company's shareholding pattern, particularly in the Non-Promoter/Public Shareholder category.
3. Capital Structure: This move would impact the company's capital structure by reducing debt (in the form of CCDs) and increasing equity.

Additional Information

The company has also indicated that the board will discuss and consider other agenda items as determined by the directors during the meeting. This leaves room for potential additional decisions that may be of interest to shareholders and market watchers.

Regulatory Compliance

Piccadily Agro Industries has made this announcement in compliance with regulation 29(1)(d) of the Securities & Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations 2015. This regulation requires listed entities to give prior intimation to stock exchanges about meetings of the board of directors where matters such as fund raising by way of further public offer, rights issue, preferential issue, etc., are to be considered.

The company has duly informed both the BSE Limited and the National Stock Exchange of India Limited about this upcoming board meeting, adhering to its obligations as a listed entity.

Investors and stakeholders of Piccadily Agro Industries should keep an eye out for the outcomes of this board meeting, as the decisions made could have a notable impact on the company's financial structure and shareholder value.