Photon Capital Advisors Ltd. Allots Shares and Warrants in Preferential Allotment
Photon Capital Advisors Limited announced on March 20, 2026, that its board of directors approved the allotment of equity shares and warrants through a preferential allotment.The company approved the allotment of 12,07,000 equity shares with a face value of Rs. 10 each at an issue price of Rs. 115 per share, resulting in a total amount of Rs. 13,88,05,000. Additionally, the board approved the allotment of 19,90,000 convertible warrants with an issue price of Rs. 115, which, upon receipt of a minimum application amount of Rs. 5,72,12,500, was completed. Convertible warrants can be converted into one fully paid equity share of Rs.10/- each any time after June 30, 2026, but before the expiry of 18 months from the date of allotment.
The board meeting commenced at 5:30 P.M. and concluded at 6:00 P.M.
Share Allottee Details
The following table summarizes the equity shares allotted to various entities.
| S.No. | Name of the Proposed Allottee (s) | Category | Pre-Issue shareholding | Pre-Issue shareholding | Allotment of equity | Post Issue shareholding | Post Issue shareholding |
|---|---|---|---|---|---|---|---|
| No. of shares | % | shares | No. of shares | % | |||
| 1 | Sreeram Reddy Vanga | Promoter* | 0 | 0% | 4,85,000 | 4,85,000* | 17.83* |
| 2 | Kamath Technology LLP | Non- Promoter | 0 | 0% | 2,10,000 | 2,10,000 | 7.72 |
| 3 | P Sridhar Reddy | Non- Promoter | 0 | 0% | 2,10,000 | 2,10,000 | 7.72 |
| 4 | Madanmohanreddy Kandula | Non- Promoter | 0 | 0% | 50,000 | 50,000 | 1.84 |
| 5 | Pravan Holdings LLP | Non- Promoter | 0 | 0% | 75,000 | 75,000 | 2.76 |
| 6 | Sembmarine Kakinada Limited | Non- Promoter | 0 | 0% | 90,000 | 90,000 | 3.31 |
| 7 | MLakshmichand Jain | Non- Promoter | 0 | 0% | 25,000 | 25,000 | 0.92 |
| 8 | Sujeet Kumar | Non- Promoter | 0 | 0% | 52,000 | 52,000 | 1.91 |
| 9 | Sunkavalli Anjani Sri Mourya | Non- Promoter | 0 | 0% | 10,000 | 10,000 | 0.37 |
| Total | Total | Total | Total | Total | 12,07,000 | 12,07,000 | 44.38 |
Warrant Allottee Details
The following table summarizes the warrants allotted to various entities.
| S. No. | Name of the Proposed Allottee (s) | Category | Pre-Issue shareholding | Pre-Issue shareholding | Allotment of equity | Allotment of warrants | Post Issue shareholding | Post Issue shareholding |
|---|---|---|---|---|---|---|---|---|
| No. of shares | % | shares | No. of shares | % | ||||
| 1 | Sreeram Reddy Vanga | Promoter* | 0 | 0% | 4,85,000 | 9,90,000 | 14,75,000* | 31.31* |
| 2 | Kamath Technology LLP | Non- Promoter | 0 | 0% | 2,10,000 | 2,25,000 | 4,35,000 | 9.23 |
| 3 | P Sridhar Reddy | Non- Promoter | 0 | 0% | 2,10,000 | 2,25,000 | 4,35,000 | 9.23 |
| 4 | Madanmohanreddy Kandula | Non- Promoter | 0 | 0% | 50,000 | 75,000 | 1,25,000 | 2.65 |
| 5 | Pravan Holdings LLP | Non- Promoter | 0 | 0% | 75,000 | 1,00,000 | 1,75,000 | 3.71 |
| 6 | Sembmarine Kakinada Limited | Non- Promoter | 0 | 0% | 90,000 | 1,50,000 | 2,40,000 | 5.09 |
| 7 | MLakshmichand Jain | Non- Promoter | 0 | 0% | 25,000 | 1,25,000 | 1,50,000 | 3.18 |
| 8 | Sujeet Kumar | Non- Promoter | 0 | 0% | 52,000 | 1,00,000 | 1,52,000 | 3.23 |
| 9 | Sunkavalli Anjani Sri Mourya | Non- Promoter | 0 | 0% | 10,000 | - | 10,000 | 0.21 |
| Total | Total | Total | Total | Total | 12,07,000 | 19,90,000 | 31,97,000* |
*Promoter shareholding reflects the pre-issue holding and includes shares held by entities like Kamath Technology LLP, P. Sridhar Reddy, Madanmohanreddy Kandula, Pravan Holdings LLP, Sembmarine Kakinada Limited, MLakshmichand Jain, Sujeet Kumar and Sunkavalli Anjani Sri Mourya.
**Post issue shareholding reflects the post issue holding of promoters.
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