Paradeep Parivahan Limited has announced a board of directors meeting scheduled for Tuesday, February 17, 2026, to address important matters related to its warrant issuance process. The meeting comes in response to regulatory observations and aims to ensure compliance with SEBI listing requirements.

Meeting Agenda and Key Decisions

The board meeting will address several critical items related to the company's warrant issuance:

Regulatory Compliance Background

The meeting is being convened to address observations raised by the exchange on February 11, 2026, concerning the company's application for in-principle approval for warrant issuance. The application was submitted under reference number 256840, and the board aims to resolve the regulatory concerns through appropriate corrective measures.

Administrative Details

The meeting notification was issued on February 12, 2026, under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director cum CEO Khalid Khan signed the official communication, ensuring all stakeholders are informed of the upcoming deliberations.

Corporate Information

Paradeep Parivahan Limited operates with CIN L63090OR2000PLC006379 and trades under BSE scrip code 544383. The company maintains its registered office in Paradeep, Jagatsinghpur, Odisha, with corporate office facilities in Bhubaneswar. The meeting details have been made available on the company's official website for transparency and stakeholder access.

Paradeep Parivahan Limited has issued a corrigendum to its Extra Ordinary General Meeting (EGM) notice scheduled for January 31, 2026, providing additional details regarding the proposed preferential issue of convertible warrants. The corrigendum addresses clarifications required by BSE Limited for the company's in-principle approval application.

Convertible Warrants Issue Details

The company proposes to raise Rs. 18,74,04,000/- through the issuance of 12,00,000 convertible warrants on a preferential basis. Each warrant carries the option to subscribe to one equity share with a face value of Rs. 10/- at an issue price of Rs. 156.17/- per warrant, including a premium of Rs. 146.17/-.

Fund Utilization Plan

The company has outlined a structured approach for utilizing the issue proceeds across two primary objectives. The funds will be deployed strategically to support both operational requirements and corporate growth initiatives.

Proposed Allottees and Shareholding Impact

The preferential issue involves three proposed allottees, including one promoter group member. The allocation demonstrates a balanced approach between promoter participation and public investor involvement.

Overall Shareholding Pattern Changes

Post-conversion of warrants, the company's shareholding structure will witness marginal changes. The promoter and promoter group shareholding will increase slightly from 65.96% to 66.01%, while public shareholding will decrease from 34.04% to 33.99%. The total paid-up capital will expand from 1,59,18,000 shares to 1,71,18,000 shares.

Regulatory Compliance and Timeline

In accordance with SEBI ICDR Regulations 2018, the allotment of warrants shall be completed within 15 days from the date of shareholder resolution approval. The company has provided undertakings regarding price re-computation compliance and confirmed that neither the issuer nor its promoters or directors are wilful defaulters or fraudulent borrowers. The EGM will be conducted in physical mode at the company's corporate office in Bhubaneswar, Odisha.