On Door Concepts Limited Approves Raising Funds Via Preferential Issuance of Shares and Warrants
On Door Concepts Limited announced the outcomes of its Board of Directors meeting held on April 21, 2026. The Board approved proposals for raising capital by issuing equity shares and convertible warrants to identified non-promoter investors on a preferential basis.The company approved the proposal to raise funds by issuing and allotting up to 20,00,000 equity shares through a private placement to non-promoter investors. The equity shares have a face value of Rs. 10/- each and are proposed at an issue price of Rs. 151/- per share, which includes a premium of Rs. 141/- per share.
Additionally, the Board greenlit the proposal for the issuance of up to 20,00,000 convertible warrants to identified investors. These warrants are proposed at an issue price of Rs. 151/- per warrant, also including a premium of Rs. 141/-. Each warrant will be convertible into one equity share of face value Rs. 10/-. Both proposals are subject to the approval of the Company's shareholders and the receipt of necessary statutory and regulatory clearances.
Shareholder Approval and Corporate Meeting Details
The Company has scheduled an Extra-Ordinary General Meeting (EGM) for Friday, May 15, 2026, at 04:00 PM, to seek requisite shareholder approval for these capital proposals. The Board meeting itself commenced at 04:00 P.M. and concluded at 04:32 P.M.For the EGM, the Board also approved the appointment of Mr. Piyush Bindal, Proprietor of M/s Piyush Bindal & Associates, to serve as the Scrutinizer for conducting e-voting.
In an operational update, the company noted that the Trading Window for dealing in its securities was closed with effect from April 1, 2026, and will remain closed until 48 hours after the declaration of audited financial results for all Designated Persons and their Immediate Relatives.
Preferential Allotment Details: Equity Shares
The board detailed the specifics of the proposed equity share allotment to 24 non-promoter investors. The total proposed issue involves up to 20,00,000 equity shares, aggregating up to Rs. 30,20,00,000/-.The table below summarizes the total allotment details and the investment made by the proposed allottees.
| Description | Details |
|---|---|
| Total Shares Proposed to be Issued | Up to 20,00,000 Equity Shares |
| Issue Price | Rs. 151/- per equity share |
| Total Consideration | Rs. 30,20,00,000/- |
| Number of Investors/Allottees | 24 |
Summary of Equity Share Allotment to Non-Promoters (24 Investors):
| Investor Name | Category | Number of Equity Shares | Consideration (Rs.) |
|---|---|---|---|
| North Star Oppprtunities Fund VCC | Non - Promoter | 1,90,000 | 28,690,000 |
| Prospera Capital Fund PCC | Non - Promoter | 4,00,000 | 60,400,000 |
| Century India Opportunity Fund PC | Non - Promoter | 4,00,000 | 60,400,000 |
| Rajat Vaid | Non - Promoter | 50,000 | 7,550,000 |
| Priyam Bansal | Non - Promoter | 1,00,000 | 15,100,000 |
| Amrita Agarwal | Non - Promoter | 50,000 | 7,550,000 |
| Pranav Vaid | Non - Promoter | 20,000 | 3,020,000 |
| Laxmi Publications Pvt ltd | Non - Promoter | 60,000 | 9,060,000 |
| Deven Chaudhary | Non - Promoter | 25,000 | 3,775,000 |
| Ritesh Naredi | Non - Promoter | 1,00,000 | 15,100,000 |
| Ava Paisa Growth Pvt Ltd | Non - Promoter | 40,000 | 6,040,000 |
| Samar Vinaykumar Singh | Non - Promoter | 25,000 | 3,775,000 |
| Rishikesh Jadhav | Non - Promoter | 25,000 | 3,775,000 |
| Vivek Kumar | Non - Promoter | 25,000 | 3,775,000 |
| Neerja Agarwal | Non - Promoter | 20,000 | 3,020,000 |
| Shrey Agarwal | Non - Promoter | 20,000 | 3,020,000 |
| Vipul Kumat | Non - Promoter | 50,000 | 7,550,000 |
| Nitin Bahl | Non - Promoter | 25,000 | 3,775,000 |
| Vibha Bahl | Non - Promoter | 25,000 | 3,775,000 |
| Rahul Aggarwal | Non - Promoter | 50,000 | 7,550,000 |
| Deoki Nandan Singal | Non - Promoter | 1,25,000 | 18,875,000 |
| Mrs. Santosh Singhal | Non - Promoter | 1,25,000 | 18,875,000 |
| Gurmehr Singh | Non - Promoter | 25,000 | 3,775,000 |
| Parmeet Kaur | Non - Promoter | 25,000 | 3,775,000 |
| TOTAL | 20,00,000 | 30,20,00,000 |
Preferential Allotment Details: Convertible Warrants
For the convertible warrants, the proposal involves up to 20,00,000 warrants, with an issue price of Rs. 151/- per warrant. The terms stipulate that 25% of the consideration must be paid upon application, and the remaining balance must be paid at the time of conversion of the warrants into equity shares. Each warrant will be convertible into one equity share, and the rights attached can be exercised within a period of 18 months from the date of allotment.The total proposed allocation of warrants involved 72 non-promoter investors.
Summary of Convertible Warrant Allotment:
| Investor Name | Number of Warrants | Category |
|---|---|---|
| Rohit Vajpai | 6,000 | Non-Promoter |
| Sadrul Islam | 6,000 | Non-Promoter |
| Sanjiv Kumar Shrivastav | 3,000 | Non-Promoter |
| Nikhil Garg | 2,400 | Non-Promoter |
| Murlidhar pandey | 2,400 | Non-Promoter |
| Faizan Ahmad | 3,000 | Non-Promoter |
| Bhupendra | 2,400 | Non-Promoter |
| Ashish Kumar | 2,400 | Non-Promoter |
| Ankush Singh Baghel | 2,400 | Non-Promoter |
| Dinesh Kale | 2,400 | Non-Promoter |
| Mahesh patil | 2,400 | Non-Promoter |
| Geeta Dongre | 12,000 | Non-Promoter |
| Akhtar Khan | 6,000 | Non-Promoter |
| Ramsohavan Napit | 6,000 | Non-Promoter |
| Abhishek Gopalkrishan Bhatt | 2,400 | Non-Promoter |
| Ashok Thakur | 1,200 | Non-Promoter |
| Mohit Kushwaha | 2,400 | Non-Promoter |
| Pushpraj Mishra | 1,500 | Non-Promoter |
| Mohd Anas | 600 | Non-Promoter |
| Abdul Yasir Khan | 600 | Non-Promoter |
| Hemant Vishwakarma | 2,400 | Non-Promoter |
| Braj Bhushan Singh Baghel | 300 | Non-Promoter |
| Mohammad Sameer Khilji | 300 | Non-Promoter |
| Ajaypal Singh Solanki | 300 | Non-Promoter |
| Sanjeev Thakur | 300 | Non-Promoter |
| Neelesh Kushwaha | 300 | Non-Promoter |
| Mahesh Khandave | 300 | Non-Promoter |
| Vijay Patil | 300 | Non-Promoter |
| Kiran Solanki | 900 | Non-Promoter |
| Virendra Kumar Rishi | 900 | Non-Promoter |
| Amit Tiwari | 600 | Non-Promoter |
| Neelesh Parashar | 600 | Non-Promoter |
| Rakesh Kushwaha | 300 | Non-Promoter |
| Santosh Bechhaile | 300 | Non-Promoter |
| Dinesh Pratap Singh | 1,200 | Non-Promoter |
| Deepak Batham | 300 | Non-Promoter |
| Kadir Khan | 300 | Non-Promoter |
| Samay Talreja | 30,000 | Non-Promoter |
| Suman Pahuja | 30,000 | Non-Promoter |
| Tanish Soni | 30,000 | Non-Promoter |
| Chanchal Prajapati | 3,000 | Non-Promoter |
| Saurabh Mehta | 30,000 | Non-Promoter |
| V Vettri | 50,000 | Non-Promoter |
| Sanjeev Sharma | 25,000 | Non-Promoter |
| Swati Singhal Kaul | 25,000 | Non-Promoter |
| Beena Nair | 25,000 | Non-Promoter |
| Ruchika Sachdeva | 20,000 | Non-Promoter |
| Anil Gulati | 20,000 | Non-Promoter |
| Sumanyu Vasudeva | 20,000 | Non-Promoter |
| Bijay Kumar Agrawal | 50,000 | Non-Promoter |
| Vaibhav Soni | 10,000 | Non-Promoter |
| Mohini Pahuja | 10,000 | Non-Promoter |
| Ulka Bapna | 35,000 | Non-Promoter |
| Sonia Soni | 189,100 | Non-Promoter |
| Sweety Talreja | 190,000 | Non-Promoter |
| Karan Gurmalani | 188,000 | Non-Promoter |
| Daksh Shrivastava | 50,000 | Non-Promoter |
| Aseem Pant | 25,000 | Non-Promoter |
| Sarthak Oswal | 100,000 | Non-Promoter |
| Kunal Kumthekar | 30,400 | Non-Promoter |
| Padmaja Kumthekar | 17,100 | Non-Promoter |
| Ravi Saxena | 24,700 | Non-Promoter |
| Cipher Plexus Capital Advisors Private Limited | 27,800 | Non-Promoter |
| Amit Kumar Kedia | 10,000 | Non-Promoter |
| Divyansh Modi | 7,500 | Non-Promoter |
| Swati Bapna | 4,00,000 | Promoter |
| Narendra Singh Bapna | 1,00,000 | Promoter |
| Divya Daga | 40,000 | Promoter Group |
| Neha Bapna | 40,000 | Promoter Group |
| Karan Singh Bapna | 20,000 | Promoter Group |
| Pramod Ingle | 15,000 | Promoter |
| Vaishali Ingle | 35,000 | Promoter |
***
Note: The Company is On Door Concepts Limited, formerly On Door Concepts Private Limited.
ONDOOR Stock Price Movement
Shares of On Door Concepts Limited today slipped by 3.16% to settle at ₹162.65. The stock traded 8,400 shares during the session, marking modest activity for the company.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.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: