Valiant Communications Limited , an ISO 9001:2015 and ISO 14001:2015 certified company, has taken a significant step in its corporate strategy. The company's Board has approved the allotment of 6,00,000 fully convertible warrants at Rs 768 per warrant to six investors on a preferential basis.

Allotment Details

The allotment, worth a total of Rs 46.08 crore, includes notable investors such as:

• Shankar Sharma
• Rajiv Khanna
• Multiple funds

Impact on Share Capital

This strategic move has implications for the company's capital structure:

• The paid-up equity share capital will increase on a fully diluted basis
• New total: Rs 12.04 crore
• Comprising: 1,20,42,090 equity shares
• Face value: Rs 10 each

Previous Shareholder Approval

This allotment follows a strong show of shareholder support:

• Shareholders had previously approved the issuance of up to 6,00,000 fully convertible warrants to entities in the "public" category on a preferential basis.
• The approval was obtained through a postal ballot process that concluded on November 17.
• The e-voting results showed overwhelming support:
  • 99.9999% votes in favor (5,691,370 votes)
  • 0.0001% votes against (7 votes)

Voting Participation

This allotment marks a significant corporate action for Valiant Communications Limited, potentially impacting its growth strategy and financial structure. Investors and stakeholders will be closely watching how the company leverages this capital infusion for its future operations and financial position.

Valiant Communications Limited , a player in the telecommunications equipment sector, has recently secured a significant contract from the Transmission Corporation of Telangana Limited (TGTRANSCO). This development marks a notable achievement for the company in the power transmission equipment market.

Contract Details

The company has received a Letter of Intent from TGTRANSCO for a project involving the supply and commissioning of protection equipment. Here are the key details of the contract:

Project Scope

The contract entails the supply and commissioning of protection equipment as per TGTRANSCO's technical requirements. This indicates Valiant Communications' capability to meet the specialized needs of power transmission infrastructure.

Significance of the Contract

1. Domestic Growth: The contract with a state-owned entity underscores Valiant Communications' growing presence in the domestic market for power transmission equipment.

2. Revenue Boost: With a value of INR 632.00 lacs, this contract is likely to contribute significantly to the company's revenue stream over the next few years.

3. Execution Timeline: The project's completion deadline of May 30, 2026, provides Valiant Communications with a substantial timeframe to execute the contract efficiently.

Company Disclosure

In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Valiant Communications has made the necessary disclosures regarding this contract. The company has confirmed that:

• The contract is not a related party transaction.
• Neither the promoter nor the promoter group has any interest in TGTRANSCO.

This transparency in disclosure aligns with regulatory requirements and good corporate governance practices.

Conclusion

The securing of this contract by Valiant Communications represents a positive development for the company. It not only strengthens its position in the power transmission equipment market but also demonstrates its ability to win contracts from state-level entities. As the company moves forward with the execution of this project, stakeholders will likely keep a close watch on its performance and the potential for similar contracts in the future.