Bizotic Commercial Ltd. Allots Equity Shares Following Conversion of Warrants
Bizotic Commercial Ltd. announced the allotment of 13,38,000 fully paid-up Equity Shares following the conversion of 13,38,000 convertible warrants. The conversion involved warrants held by Ms. Sangita Annmol Aggarwala, Bizotic Dynamics Private Limited, Bizotic India Private Limited, Bizotic Industries Private Limited, and Bizotic Nexus Private Limited, all categorized as ‘Promoter and Promoter Group.’The allotment was made at an issue price of Rs. 290.00 per share, including a premium of Rs. 280.00 per share. The total consideration received aggregates to Rs. 29,10,15,000.
The equity shares rank pari passu with existing shares. Consequently, the company’s paid-up equity share capital has increased from Rs. 8,04,00,000 consisting of 80,40,000 shares to Rs. 9,37,80,000 consisting of 93,78,000 shares.
The company will apply to the Stock Exchange for listing and trading of the newly issued shares.
Details of Allotment:
The following table summarizes the allotment details:
| Sr. No. | Name of the Allottee(s) | No. of Convertible Warrants Held | Shares Allotted upon Conversion | Balance Outstanding Warrants for Conversion | 75% of Consideration Received (Rs.) |
|---|---|---|---|---|---|
| 1 | Sangita Annmol Aggarwala | 2,52,000 | 2,52,000 | 0 | 5,48,10,000 |
| 2 | Bizotic Dynamics Private Limited | 2,00,000 | 2,00,000 | 0 | 4,35,00,000 |
| 3 | Bizotic India Private Limited | 2,32,000 | 2,32,000 | 0 | 5,04,60,000 |
| 4 | Bizotic Industries Private Limited | 3,44,000 | 3,44,000 | 0 | 7,48,20,000 |
| 5 | Bizotic Nexus Private Limited | 5,74,000 | 3,10,000 | 2,64,000 | 6,74,25,000 |
| Total | 16,02,000 | 13,38,000 | 2,64,000 | 29,10,15,000 |
The Board meeting took place on March 30, 2026, commencing at 5:30 P.M. and concluding at 6:00 P.M. The company’s registered office is located at 15, Ashwamegh Warehouses, Ujala Circle, Sarkhej, Ahmedabad, Dascroi, Gujarat, India - 382210. Sanjaykumar Mahavirprasad Gupta served as Managing Director.
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