Future Market Networks Ltd. Allots Equity Shares Following Warrant Conversion

Future Market Networks Ltd. Allots Equity Shares Following Warrant Conversion​

Future Market Networks Ltd. announced on March 27, 2026, that its Board of Directors approved the conversion of 30,00,000 convertible warrants into 30,00,000 equity shares. The conversion was executed at a price of Rs. 1.21 per equity share.

The equity shares were allotted to Surplus Finvest Private Limited, a promoter group entity. The total amount received from the conversion was Rs. 25,222,500.

A table summarizing the details of the warrant conversion is provided below:

Particulars	Details
Type of security proposed to be issued	Equity Shares of face value Rs. 10/- each upon exercise of option to convert warrants.
Type of issuance	Conversion of warrants into equity and the warrants were allotted on preferential basis on December 18, 2024.
Total number of securities to be issued	As given below
Nameof the Investors	Surplus Finvest Private Limited
Post allotment of securities -Outcomeof the subscription, issue price / aliotted price, number of allottee(s)	Allotment of 30,00,000 Equity shares of face value Rs. 10/- each fully paid up at a premiumof Rs. 1.21/-, aggregating to Rs. 3,36,30,000/- and the warrants are converted at the ratio of 1:1 - One Equity share for every warrant exercised.
In case of convertibles - intimation on conversion of securities or on lapse of the tenure of the instrument	Exercise of 30,00,000 fully convertible warrants into 30,00,000 fully paid-up equity shares of Rs. 10/- each

Sr. No	Name of Allottee	Category	Nos. of Warrants Allotted	Nos. of Warrants held before conversion	Nos. of Warrants applied for conversion	Amount (Rs.) Received being 75% of the issue price per warrant	No. of equity shares of facevalueof Rs. 10/- each allotted, upon conversion	No warrants pending for conversion
1	Surplus Finvest Private Limited	Promoter Group	95,00,000	95,00,000	30,00,000	25,222,500	30,00,000	65,00,000

Source:​

Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.

The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.