Pratiksha Chemicals Limited's board of directors has approved a comprehensive capital restructuring and strategic expansion plan during its meeting held on January 21, 2026. The meeting, which commenced at 7:00 PM and concluded at 8:00 PM, saw the approval of several significant corporate actions that will substantially transform the company's capital structure and business portfolio.

Major Capital Structure Enhancement

The board has approved a dramatic increase in the company's authorized share capital, expanding it from ₹5.57 crores to ₹32.00 crores. This expansion involves creating an additional 2,64,29,660 equity shares of ₹10.00 each, bringing the total authorized equity shares to 3,20,00,000.

Preferential Allotment Details

The company has approved a significant preferential allotment comprising both convertible warrants and equity shares. The total value of this allotment amounts to approximately ₹55.99 crores, with securities priced at ₹21.72 each (face value of ₹10.00 plus premium of ₹11.72).

The convertible warrants carry an 18-month conversion period from the date of allotment. Warrant holders must pay 25.00% of the warrant price at subscription, with the remaining 75.00% payable upon conversion. If warrants remain unexercised within the 18-month period, they will lapse and the amounts paid will be forfeited.

Strategic Acquisitions in Financial Services

The board has provisionally approved the acquisition of controlling stakes exceeding 51.00% in two companies operating in the debt management sector:

Rudra Debt Solutions Private Limited

• Incorporation Date: December 19, 2023
• CIN: U82910DL2023PTC424038
• Business Focus: Claims management, payment collection, receivables management, NPA resolution, and debt recovery services
• Financial Performance:
  • FY 2023-24: ₹7,87,26,497
  • FY 2024-25: ₹10,65,31,697

Right Debt Management Services Private Limited

• Incorporation Date: March 13, 2015
• CIN: U74140GJ2015PTC082571
• Business Focus: Debt management consultancy, financial advisory services, and institutional finance assistance
• Financial Performance:
  • FY 2022-23: ₹27,178.02
  • FY 2023-24: ₹57,19,557
  • FY 2024-25: ₹65,24,842

Allottee Distribution and Shareholding Impact

The preferential allotment includes a diverse group of public investors, with the equity shares being distributed among 37 allottees and convertible warrants among 58 allottees. Notable allocations include significant stakes to individuals such as Rajnik Madhabhai Paghadal and Virani Jayeshkumar, each receiving 23,02,030 equity shares representing 7.34% of post-allotment holding.

The warrant allottees include various Limited Liability Partnerships (LLPs) such as Eknatheswar Multitrade LLP, Kalaratri Multi Tradeline LLP, and Vintage Diamond LLP, each receiving substantial warrant allocations. The distribution demonstrates the company's strategy to broaden its investor base while raising substantial capital.

Regulatory Compliance and Next Steps

The preferential allotment will be conducted in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company has scheduled an Extraordinary General Meeting for February 20, 2026, to seek shareholder approval for all proposed resolutions.

The acquisitions are structured as non-related party transactions and are expected to provide the company with strategic expansion opportunities in the financial services sector, particularly in debt management and recovery services. The indicative completion timeline for the acquisitions is set at nine months from approval.

Pratiksha Chemicals Limited announced significant board and corporate changes following its board meeting held on December 26, 2025. The company made key appointments to strengthen its leadership team and approved strategic business diversification plans.

Board Appointments

The board appointed two new Additional Independent Directors with immediate effect from December 26, 2025. Both appointments were made based on recommendations from the Nomination and Remuneration Committee, as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ms. Nadapara brings solid experience in operations, administration, and team coordination. She is recognized for her organizational and planning skills, along with her calm approach during high-pressure situations. Mr. Mendapara is a B.Com graduate with expertise in accounting, finance, and business management, skilled in financial record maintenance and business operations support. The company confirmed that neither director is related to existing board members nor debarred by any SEBI order or other authority.

Proposed Company Name Change

The board approved a significant corporate rebranding initiative, proposing to change the company name from Pratiksha Chemicals Limited to either:

• Well Aura Limited, or
• Vellora Impact Limited

This name change is subject to approval from the Ministry of Corporate Affairs regarding name availability and requires shareholder consent. The company will also need to alter relevant clauses in its Memorandum of Association and Articles of Association pursuant to the name change, as per the Companies Act, 2013 and SEBI regulations.

Business Diversification Plans

The board approved substantial amendments to the company's main object clause, expanding into multiple new business sectors:

New Main Object Activities

Additional Object Expansions

The company also approved new activities under its other object clause:

• Manufacturing and trading of laminates, decorative laminates, plywood, veneers, and allied products
• Agricultural inputs including fertilizers, pesticides, veterinary feeds, and livestock supplements
• Agricultural commodities trading covering grains, fruits, vegetables, spices, and oilseeds
• Agricultural equipment and modern farming implements

Meeting Details

The board meeting was conducted at the company's registered office at 26/Office, Newyork Trade Centre, Opp. Muktidham Derasar, Sarkhej Gandhinagar Highway, Thaltej, Ahmedabad, Gujarat, commencing at 4:00 PM and concluding at 4:30 PM on December 26, 2025. All proposed changes are subject to shareholder approval at the upcoming general meeting.

These strategic initiatives indicate Pratiksha Chemicals Limited's plans for significant business diversification beyond its traditional chemical manufacturing operations, positioning the company for expansion into technology, financial services, precious metals, and agricultural sectors.