Rudra Ecovation Limited has received a substantial equity investment from its promoter group entity, Shiva Spinfab Private Limited, through the conversion of warrants into equity shares. The acquisition, completed over two days in January 2026, represents a significant increase in the promoter group's stake in the company.

Acquisition Details

Shiva Spinfab Private Limited acquired a total of 27,80,000 equity shares through warrant conversion on two separate dates:

The acquisition was made through preferential allotment, with warrants being converted at a ratio of 1:1, allowing warrant holders to apply for one fully paid-up equity share of face value ₹1.00 each at a premium of ₹47.00 per share.

Shareholding Pattern Changes

The acquisition has resulted in a notable change in the promoter group's shareholding pattern:

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer, Shiva Spinfab Private Limited, is identified as a member of the promoter group and acts in concert with several entities including Akhil Malhotra, Mayank Malhotra, Brijeshwari Textiles Private Limited, Balmukhi Textiles Private Limited, and Simmi Malhotra.

Company Capital Structure

Following the acquisition, Rudra Ecovation Limited's capital structure has been updated:

The company, formerly known as Himachal Fibres Limited, is listed on the Bombay Stock Exchange Limited (BSE) under scrip code 514010. The remaining 17,20,000 warrants held by Shiva Spinfab Private Limited can be converted within 18 months from the original allotment date, providing potential for further equity participation.

Rudra Ecovation Limited has completed the allotment of 10,50,000 equity shares through warrant conversion, marking a significant milestone in the company's capital structure enhancement. The Board of Directors approved this conversion during their meeting held on January 10, 2026, at 3:30 PM at the corporate office.

Warrant Conversion Details

The conversion involves warrants originally allotted on July 11, 2024, as part of the company's fundraising initiative. The key parameters of this conversion are structured as follows:

Investor Profile and Shareholding Impact

Dinesh Pareekh, classified as a non-promoter investor, is the sole recipient of this equity allotment. The conversion has resulted in a notable change in his shareholding pattern within the company:

This increase represents Dinesh Pareekh's enhanced stake in the company following the successful warrant exercise.

Capital Structure Enhancement

The warrant conversion has directly impacted Rudra Ecovation's capital structure, demonstrating the company's successful execution of its capital raising strategy. The paid-up equity share capital has increased from ₹11,82,78,000 to ₹11,93,28,000, comprising 11,93,28,000 equity shares of face value ₹1.00 each.

The newly allotted equity shares will be issued in dematerialized form and will rank pari-passu with existing equity shares in all respects. This ensures equal treatment and rights for all shareholders across the company's equity structure.

Regulatory Compliance and Documentation

The allotment process has been conducted in full compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive documentation including details required under SEBI circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015, and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

The Board meeting commenced at 3:30 PM and concluded at 4:00 PM, with the conversion representing the exercise of warrants from the original allotment of 2,07,65,000 convertible warrants made in July 2024. This successful conversion demonstrates investor confidence in the company's growth prospects and strategic direction.