Madhuveer Com 18 Network Gets BSE Trading Approval for Warrant Conversion
Madhuveer Com 18 Network Limited has successfully obtained BSE trading approval for 10 lakh equity shares issued through warrant conversion at ₹40 per share to promoters, with trading commencing December 10, 2025. The company also reported robust financial performance with standalone revenue growth of 424% to ₹136.28 crore and consolidated revenue surge of 4439%, though consolidated operations still show losses despite 75.5% improvement year-over-year.
*this image is generated using AI for illustrative purposes only.
Madhuveer Com 18 Network Limited has reported significant revenue growth in its quarterly results and successfully completed the warrant conversion process with BSE trading approval.
Financial Performance
On a standalone basis, the company's revenue from operations surged to ₹135.76 crore, compared to nil in the corresponding quarter of the previous year. The total income rose by 424% to ₹136.28 crore. Net profit showed a robust growth of 65.2%, reaching ₹19.58 crore.
Consolidated results painted a more comprehensive picture of the company's performance:
| Particulars: | Q1 FY2026 (₹ in crore) | Q1 FY2025 (₹ in crore) | YoY Change |
|---|---|---|---|
| Revenue from Operations: | 178.89 | 3.94 | 4439% |
| Total Income: | 184.12 | 32.57 | 465% |
| Net Profit/(Loss): | (50.69) | (206.55) | 75.5% improvement |
While the consolidated results show a net loss of ₹50.69 crore, it represents a significant improvement from the ₹206.55 crore loss reported in the same quarter of the previous year.
BSE Trading Approval for Warrant Conversion
The company has received trading approval from BSE Limited for 10,00,000 equity shares issued through warrant conversion. The key details of the approved trading are:
| Parameter: | Details |
|---|---|
| Number of Shares: | 10,00,000 equity shares |
| Face Value: | ₹10 per share |
| Issue Price: | ₹40 per share (₹30 premium) |
| Distinctive Numbers: | 26502901 to 27502900 |
| Trading Effective Date: | December 10, 2025 |
| Allottee: | Promoter (preferential basis) |
The shares are now listed and available for trading on the BSE with effect from December 10, 2025, as confirmed by BSE's notice dated December 9, 2025.
Equity Warrant Allotment Details
The Board of Directors had previously approved the allotment of 10,00,000 equity warrants on a preferential basis as part of a larger conversion of 1,00,00,000 convertible equity warrants into equity shares. The warrant conversion details include:
- Allottee: Mr. Sagar Shah (Promoter Group)
- Number of warrants converted: 10,00,000
- Issue price: ₹40 per warrant (including a premium of ₹30)
- Amount received: ₹3,00,00,000 (being 75% of the issue price per warrant)
This conversion has led to a change in the promoter shareholding, which decreased from 28.80% to 23.19% following the warrant conversion.
Corporate Governance
The company continues to maintain regulatory compliance, having held its Board Meeting where the unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors. The statutory auditors have carried out a limited review of these results.
Madhuveer Com 18 Network Limited continues to comply with regulatory requirements, including the preparation of financial statements in accordance with Indian Accounting Standards (Ind AS) and adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Madhuveer Com 18 Network
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.85% | +0.93% | +4.70% | -3.72% | -7.32% | +9,100.00% |
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