Innovana thinklabs Limited has filed its quarterly compliance statement confirming no deviation in the use of proceeds from its preferential warrant allotment for the quarter ended December 31, 2025. The statement was submitted to BSE and NSE on February 13, 2026, in compliance with Regulation 32 of SEBI Listing Regulations.

Warrant Issue Details

The company had allotted 8,60,000 convertible warrants on preferential basis, with each warrant convertible into one fully paid-up equity share of face value Rs. 10 at a price of Rs. 431 per warrant. The warrant issue was approved through an Extra Ordinary General Meeting dated June 27, 2025.

Fund Utilization Progress

As of December 31, 2025, the company has received Rs. 14,43,85,000 from the warrant issue. During the quarter ended December 31, 2025, warrant holders exercised 1,60,000 warrants, resulting in additional proceeds of Rs. 5,17,20,000 received on October 13, 2025.

Compliance and Audit Committee Review

The audit committee reviewed the utilization statement at its meeting held on February 13, 2026, and confirmed that there are no deviations or variations in the utilization of issue proceeds from the stated objects. All funds have been allocated for general corporate purposes as originally disclosed, with no modifications to the intended use.

Outstanding Warrant Details

The remaining Rs. 22,62,75,000 is expected to be received within 18 months from the date of allotment of the share warrants. This represents the balance 75% of the warrant exercise price that warrant holders will pay upon exercising their remaining warrants.

The company's compliance officer, Vasu Ajay Anand, signed the regulatory filing confirming adherence to all disclosure requirements under SEBI regulations.

Innovana Thinklabs Limited has disclosed its equity participation in AdCounty Media India Limited to stock exchanges, revealing a strategic investment that positions the company as a significant stakeholder in the media firm.

Equity Stake Details

The company holds a 17.79% equity stake in AdCounty Media India Limited as of December 31, 2025. This disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Classification Under Different Standards

The investment presents an interesting regulatory classification scenario. Under the Companies Act, 2013, AdCounty Media does not qualify as an Associate Company since Innovana Thinklabs holds less than the 20% equity threshold typically required for such classification.

However, the accounting treatment differs significantly. Under Indian Accounting Standards (Ind AS), AdCounty Media is classified as an Associate Company for accounting purposes. This classification is based on the significant influence that Innovana Thinklabs exercises over AdCounty Media, despite the sub-20% equity holding.

Regulatory Compliance

The disclosure was made to both major Indian stock exchanges where Innovana Thinklabs is listed:

• BSE Limited: Scrip Code 544302
• National Stock Exchange: Symbol INNOVANA

The intimation was signed by Vasu Ajay Anand, Company Secretary and Compliance Officer, ensuring proper corporate governance protocols were followed. The disclosure demonstrates the company's commitment to transparency and regulatory compliance in its investment activities.

Strategic Implications

This equity stake represents Innovana Thinklabs' investment in the media sector through AdCounty Media India Limited. The significant influence classification under Ind AS suggests active involvement in AdCounty Media's strategic decisions, despite holding a minority stake. The timing of the disclosure, following AdCounty's listing, indicates the investment's materialization into a publicly traded equity position.