Rudra Ecovation Limited has completed the allotment of 16,90,000 equity shares upon conversion of warrants, as approved by the Board of Directors in their meeting held on January 08, 2026. The conversion represents a significant milestone in the company's capital expansion strategy, with the Board meeting conducted at the corporate office from 11:30 AM to 11:50 AM.

Warrant Conversion Details

The Board approved the allotment of equity shares at an issue price of ₹48.00 per share, including a premium of ₹47.00 each. The pricing was determined in accordance with the guidelines prescribed under Chapter V of the SEBI ICDR Regulations. The conversion follows the original allotment of 2,07,65,000 convertible warrants dated July 11, 2024.

Allottee Distribution

The equity shares were allotted to two investors from both promoter and non-promoter categories. Vinayak International, classified as a non-promoter, received the majority allocation of 11,30,000 shares, while Shiva Spinfab Private Limited, a promoter entity, received 5,60,000 shares.

Impact on Share Capital

Following the warrant conversion, the company's paid-up equity share capital has increased substantially. The capital base has expanded from ₹11.44 crores to ₹11.61 crores, representing the issuance of additional equity shares that will rank pari-passu with existing shares in all respects.

Shareholding Changes

The conversion has resulted in notable changes to the shareholding pattern of the allottees. Vinayak International's stake in the company has increased from 1.55% to 2.50%, while Shiva Spinfab Private Limited's holding has grown from 1.09% to 1.56%.

Regulatory Compliance

The allotment was conducted as a preferential issue under Regulation 30 of the SEBI LODR Regulations. The allotted equity shares will be issued in dematerialized form and carry the same rights and privileges as existing equity shares. The company has fulfilled all regulatory requirements and informed BSE Limited about the conversion, maintaining full compliance with SEBI guidelines for preferential allotment processes.

Rudra Ecovation Limited (formerly Himachal Fibres Limited) has released its unaudited financial results for the second quarter of fiscal year 2026, ending September 30, 2025. The company reported a narrowed loss but faced a decline in revenue compared to the same period last year.

Financial Performance

The company's net loss decreased by 11.4% year-over-year, showing some improvement in its bottom line. However, total revenue saw a significant decline of 42.0% compared to the same quarter in the previous fiscal year.

Board Meeting and Results Approval

The Board of Directors convened on November 13, 2025, at the company's corporate office in Ludhiana, Punjab, to review and approve the quarterly results. The meeting, which began at 3:00 PM, concluded at 4:00 PM.

Extension of Preference Share Redemption

In a separate development, Rudra Ecovation has extended the redemption period for its preference shares:

• Number of shares: 3,60,000
• Type: 4% Non-Cumulative Redeemable Preference Shares
• Original redemption date: August 31, 2025
• New redemption date: August 31, 2026

This extension was approved at an Extraordinary General Meeting of preference shareholders held on August 25, 2025.

Compliance and Reporting

The company has submitted its unaudited financial results in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results include:

1. Statement of Un-Audited standalone Financial Results
2. Cash Flow statement
3. Statement of Assets and Liabilities

Additionally, a Limited Review Report has been issued by M/s. Manjul Mittal & Associates (FRN: 028039N), the company's Statutory Auditors.

Rudra Ecovation's financial performance shows mixed results, with a reduction in net loss despite a significant revenue decline. The extension of the preference share redemption period may provide the company with additional financial flexibility in the near term.