Filtron Engineers Limited has successfully completed a major securities allotment worth ₹80.91 crore on December 17, 2025, marking a significant milestone in the company's strategic transformation. The Board of Directors approved the allotment through a circular resolution, implementing the shareholder-approved expansion plan from September 26, 2025.

Securities Allotment Overview

The company completed three distinct allotments as part of its comprehensive restructuring strategy:

Cash-Based Equity Allotment to Non-Promoters

The company allotted 1.59 crore equity shares to 25 non-promoter investors, raising ₹15.90 crore in cash. Major allottees include Sachin Mohanlal Kakrecha (30 lakh shares), Nitin Jobanputra (20 lakh shares), and Gauri Dilip Patel (10 lakh shares). This cash infusion will support working capital requirements and general corporate purposes.

Strategic Allotment for Acquisition

As part of the Gabrielle Infra Speciality Private Limited (GISPL) acquisition, Tarak Bipinchandra Gor and Jayesh Sheshmal Rawal received substantial securities through non-cash consideration:

Promoter Structure Transformation

Following the allotment, Gor and Rawal have transitioned from non-promoter status to become the new promoters of Filtron Engineers. Post-allotment, they collectively hold 35.42% of the company's equity shares, representing a fundamental shift in the ownership structure.

Preference Shares Details

The 1.92 crore Non-Convertible Compulsorily Redeemable Preference Shares (NCCRPS) carry a 0.5% coupon rate and have a tenure of up to 7 years from the allotment date. These preference shares can be redeemed at the option of either the preference shareholders or the company, providing flexibility in the capital structure.

Regulatory Compliance and Approvals

All allotments were executed in accordance with shareholder approval dated September 26, 2025, and BSE's in-principle approvals granted on December 2, 2025. The company has fulfilled all regulatory requirements under SEBI listing regulations and maintained full transparency throughout the process.

This comprehensive securities allotment positions Filtron Engineers for its strategic expansion into the construction sector through the GISPL acquisition while strengthening its financial foundation for future growth initiatives.

FILTRON ENGINEERS LTD. has announced a series of strategic moves that promise to reshape the company's business landscape and capital structure. The Board of Directors has approved several key decisions that will significantly impact the company's future operations and financial position.

Acquisition of Gabrielle Infra Speciality Private Limited

In a bold move to diversify its business portfolio, Filtron Engineers has given the green light to acquire 100% of the share capital of Gabrielle Infra Speciality Private Limited (GISPL), a construction services company. GISPL, incorporated in July 2022, has shown remarkable growth, with its turnover reaching Rs. 72.24 crore.

Capital Restructuring and Share Issuance

To facilitate this acquisition and strengthen its capital base, Filtron Engineers has outlined a comprehensive capital restructuring plan:

1. Authorized Share Capital Increase: Subject to shareholder approval, the company plans to increase its authorized share capital from Rs. 3.50 crore to Rs. 85.00 crore.

2. Equity Share Issuance: The Board has approved the issuance of up to 4.50 crore equity shares at Rs. 10.00 per share, to be allotted as part of the consideration for the GISPL acquisition.

3. Preference Share Issuance: Additionally, 1.92 crore preference shares will be issued as part of the acquisition consideration.

4. Cash Infusion: The company will also issue 1.59 crore equity shares to non-promoters at Rs. 10.00 per share, aiming to raise Rs. 15.90 crore in cash.

Share Purchase Agreements

As part of the restructuring, Filtron Engineers has entered into share purchase agreements with its promoters. These agreements involve the acquisition of 13,68,250 equity shares by Mr. Tarak Bipinchandra Gor and Mr. Jayesh Sheshmal Rawal.

Timeline and Approvals

The company expects to complete the acquisition transaction within 3-4 months, subject to necessary statutory compliances. A postal ballot notice will be issued to seek shareholder approval for the proposed transactions.

Strategic Implications

This acquisition marks Filtron Engineers' entry into the construction services sector, adding a new business line to its operations. The move is likely to diversify the company's revenue streams and potentially enhance its market position.

Conclusion

Filtron Engineers Limited's decision to acquire GISPL and implement a significant capital restructuring plan signals a transformative phase for the company. As these changes unfold, stakeholders will be keenly watching how this strategic shift impacts the company's growth trajectory and financial performance in the coming periods.