Pune E-Stock Broking Limited has completed the dispatch of notice for an Extraordinary General Meeting (EGM) scheduled to be held on Friday, March 13, 2026 at 12.00 P.M. through video conference. The company informed BSE Limited about the completion of dispatch process in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Agenda Items for EGM

The EGM will address three major business items requiring shareholder approval. The primary focus centers on a significant fundraising initiative through convertible warrants, alongside corporate governance enhancements and capital structure modifications.

Convertible Warrants Issuance

The company proposes to issue up to 16,00,000 convertible warrants on a preferential basis to promoters and non-promoter categories. Each warrant carries the right to subscribe to one equity share at ₹234 per warrant, including a premium of ₹224 each.

Allottee Distribution

The warrants will be distributed among various categories of investors, with both promoter group and non-promoter participants.

Notable allottees include Vrajesh K Shah jointly with others (4,00,000 warrants), Pratik Saraogi (8,00,000 warrants), and Naresh Saraaf (1,00,000 warrants), among others.

Fund Utilization Strategy

The company has outlined a comprehensive deployment plan for the ₹37,44,00,000 proceeds across five strategic areas:

• MTF Book Expansion: Up to ₹9,36,00,000 (25%) for margin trading facility enhancement
• IPO Underwriting: Up to ₹9,36,00,000 (25%) for anchor investor and underwriting capabilities
• Debt Repayment: Up to ₹9,36,00,000 (25%) to reduce existing borrowings
• Merchant Banking: Up to ₹7,48,80,000 (20%) for division scaling
• General Expansion: Up to ₹1,87,20,000 (5%) for overall business growth

Corporate Governance Enhancement

The second agenda item proposes increasing the maximum board strength from 15 to 20 directors. This expansion aims to strengthen corporate governance framework, ensure optimal board composition per SEBI regulations, and facilitate induction of professionals with diverse expertise.

Capital Structure Modification

The company seeks to increase its authorized share capital from ₹18,05,00,000 to ₹25,00,00,000 by creating additional 69,50,000 equity shares of ₹10 each. This increase will provide necessary headroom for future capital requirements and business expansion plans.

Meeting Logistics

The EGM will be conducted through video conferencing in accordance with MCA and SEBI circulars. Key dates include:

Shareholders can participate through Bigshare Services Private Limited's e-voting platform, with facility available for at least 1,000 members on first-come-first-served basis.

Pune e-stock broking Limited has announced the conversion of 1,00,000 convertible equity warrants into an equal number of equity shares under Regulation 30 of SEBI (LODR) Regulations, 2015. The conversion marks a significant milestone in the company's capital structure enhancement.

Warrant Conversion Details

The conversion involves warrants that were originally part of 20,00,000 convertible equity warrants allotted on a preferential basis on September 17, 2025, in accordance with SEBI (ICDR) Regulations, 2018. The Board of Directors approved the allotment of 1,00,000 equity shares with a face value of ₹10 each at an issue price of ₹171 per share, including a premium of ₹161 per share.

Allottee Information

The conversion was executed by Malik Radix Healthcare Private Limited, classified under the non-promoter group category. The company received the balance consideration of ₹1,28,25,000, representing 75% of the issue price per warrant, following the exercise of conversion rights.

Impact on Share Capital

Following the warrant conversion, the company's issued, subscribed, and paid-up equity share capital has increased substantially. The newly allotted equity shares will rank pari-passu in all respects with existing equity shares of the company.

Regulatory Compliance

The conversion process adheres to SEBI regulations, with the company providing comprehensive disclosure under Regulation 30 read with Regulation 51 of SEBI (LODR) Regulations, 2015. The preferential allotment was conducted on a private placement basis, with the payment structure involving 25% at warrant subscription and 75% at conversion exercise.

The Board meeting to approve this conversion commenced at 12:00 PM and concluded at 12:30 PM on January 20, 2026. This strategic move demonstrates the company's commitment to strengthening its capital base while maintaining regulatory compliance and transparency with stakeholders.