Share Samadhan Limited has officially confirmed the subscription of 1.5 million warrants by Choice International Limited, an NSE-listed company. The company disclosed this development through a regulatory filing, marking the completion of a significant milestone in its warrant allotment process and establishing a strategic partnership aimed at strengthening India's unclaimed investments recovery ecosystem.

Official Warrant Subscription Confirmation

The regulatory disclosure confirms the successful subscription by Choice International Limited:

Strategic Partnership Framework

According to Managing Director Abhay Kumar Chandalia, this strategic investment reflects Choice International's strong confidence in Share Samadhan's business model, growth trajectory, and long-term vision. The partnership creates powerful synergies across operations, technology, and market outreach, combining Share Samadhan's industry leadership with Choice International's diversified financial expertise.

Complete Warrant Distribution

The total warrant allotment of 3 million has been distributed among promoters and strategic investors:

Business Impact and Growth Prospects

The partnership is expected to accelerate Share Samadhan's expansion plans, enhance service capabilities, and deliver greater value to investors, partners, and stakeholders. This collaboration marks a significant milestone in the company's journey of scaling nationwide impact and pioneering transparency, trust, and efficiency in the investment retrieval domain.

Regulatory Compliance and Financial Framework

The preferential issue follows comprehensive regulatory compliance, including shareholder approval and BSE in-principle approval. The total potential capital infusion, if all warrants are converted, amounts to ₹234.00 crores, positioning the company for enhanced growth in the unclaimed investments recovery sector.

Share Samadhan Limited (SSL), a company listed on the BSE, has resubmitted its financial results for the half-year and year ended March 31, correcting an earlier filing error. The company had inadvertently submitted a Limited Review Report instead of the required Auditor's Report for its year-end submissions.

Financial Performance

The resubmitted audited financial results reveal a decline in profitability for Share Samadhan Limited:

• Net Profit: Rs 150.10 lakhs, down from Rs 266.54 lakhs in the previous year
• Total Income from Operations: Rs 486.93 lakhs, compared to Rs 571.06 lakhs in the previous year

Balance Sheet Highlights

The company's balance sheet showed significant changes, reflecting the impact of its recent Initial Public Offering (IPO):

• Share Capital: Increased to Rs 1,227.01 lakhs from Rs 901.89 lakhs
• Cash and Cash Equivalents: Grew substantially to Rs 1,635.45 lakhs from Rs 376.02 lakhs

IPO Proceeds Utilization

Share Samadhan Limited raised Rs 2,036.48 lakhs through its IPO, of which:

• Rs 762.25 lakhs have been utilized
• Rs 1,274.23 lakhs remain unutilized

The utilized funds were primarily directed towards:

• Technology investment: Rs 150.00 lakhs
• Working capital requirements: Rs 612.25 lakhs

Management Statement

Kumar Rishi, Company Secretary of Share Samadhan Limited, stated, "We regret the oversight in our initial submission. We assure you of our commitment to comply with all regulatory requirements and ensure that such instances are avoided in the future."

Consolidated Results

On a consolidated basis, Share Samadhan Limited reported:

• Total Income: Rs 1,518.90 lakhs
• Net Profit: Rs 314.62 lakhs

Market Impact

The resubmission of financial results with the correct Auditor's Report demonstrates SSL's commitment to regulatory compliance and transparency. However, the decline in profitability may warrant attention from investors and analysts.

Share Samadhan Limited's stock performance in the coming days may reflect the market's reaction to these resubmitted financial results and the company's overall financial health.