Piccadily Agro Industries Limited has successfully converted 28.49 lakh Compulsorily Convertible Debentures (CCDs) into equity shares, raising a total of ₹211.99 crore. The conversion was executed at a price of ₹744 per share, marking a significant financial move for the company.

Key Details of the Conversion

• Total CCDs Converted: 28,49,448
• Conversion Price: ₹744 per share
• Total Amount Raised: ₹211.99 crore

Impact on Share Capital

The conversion has led to an increase in the company's issued and paid-up capital:

Notable Investor Participation

Authum Investment and Infrastructure Limited emerged as a significant participant in this conversion, receiving 4,03,225 shares valued at approximately ₹30 crore.

Other Major Allottees

1. Discovery Global Opportunity (Mauritius) Ltd: 3,49,462 shares
2. Alchemy Emerging Leaders of Tomorrow: 2,35,215 shares
3. Lashit Sanghvi: 2,15,053 shares
4. Neha L Sanghvi: 2,15,053 shares

Implications for Piccadily Agro

This conversion of CCDs into equity shares is expected to strengthen Piccadily Agro's financial position. The infusion of ₹211.99 crore will provide the company with additional capital for its operations and potential growth initiatives.

Regulatory Compliance

The conversion was carried out in compliance with the terms of the Postal Ballot dated July 30, 2024, and in accordance with SEBI regulations. The newly allotted shares will rank pari-passu with existing equity shares in all respects, including dividend and voting rights.

The move demonstrates investor confidence in Piccadily Agro and may potentially enhance the company's market position 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.