Swastika Investmart Ltd Approves Preferential Issue of 90 Lakh Warrants in EGM

Swastika Investmart Ltd Approves Preferential Issue of 90 Lakh Warrants in EGM​

Swastika Investmart Limited announced plans to issue up to 9,050,000 warrants convertible into equity shares through a preferential allotment process. The proposed transaction aims to raise up to Rs 57,59,42,000 and is scheduled for approval at the company's Extraordinary General Meeting (EGM) on August 14, 2026.

The EGM, which will be conducted via Video Conferencing or Other Audio-Visual Means (VC/OAVM), seeks shareholder approval for the issuance of these warrants to Promoter/Promoter Group and Non-Promoter/Public category entities.

Details of the Preferential Issue​

The company's Board approved the creation, offer, issue, and allotment of up to 90,50,000 Warrants, each convertible into an equivalent number of equity shares of face value Rs 2/-. The warrants are proposed to be issued at a fixed price of Rs 63.64 per warrant, which includes the subscription and exercise price.

The funds raised from this preferential issue will be utilized for specific corporate objectives as detailed in the Explanatory Statement:

Transaction Terms and Participants​

The issuance is structured as a preferential allotment for the Warrants. The transaction involves several identified investors across both Promoter and Non-Promoter/Public categories. The warrants will be convertible into equity shares within 18 months from their allotment date.

A total of 90,50,000 convertible warrants are proposed to various allottees, including:

• Promoters/Promoter Group: Mr Sunil Nyati (575,000 warrants), Mrs Anita Nyati (575,000 warrants), Mr Parth Nyati (700,000 warrants), and Mr Devashish Nyati (700,000 warrants).
• Non-Promoter/Public Category: A list of 14 entities and individuals including Intelliquity Ventures LLP (800,000 warrants), Valueworth Advisors LLP (1200,000 warrants), Mr Ajay Popatlal Shah (250,000 warrants), and Ms Yogita Gandhi (2,000,000 warrants).

The proposed allotment is contingent upon the receipt of necessary regulatory approvals from stock exchanges and other authorities.

Shareholding Impact Analysis​

Based on the proposed issuance of 90,50,000 warrants convertible into equity shares, the transaction is expected to affect the company's shareholding pattern as follows:


The transaction is noted to result in no change in the composition of the Board or control of the Company, as the existing promoters retain their controlling interest through the proposed allotment.

Financial Obligations and Next Steps​

The Warrants will be issued at a premium of Rs 61.64 per warrant over the face value of Rs 2/- per share. The terms stipulate that the proposed allottees must pay an amount equivalent to at least 25% of the issue price upon allotment, with the balance 75% payable upon conversion into equity shares.

The company will apply for in-principle approval from BSE Limited on the day of sending this notice. The allotment is intended to be completed within 15 days of passing the resolution, or within 15 days of receiving any necessary regulatory approvals.

Stock Price Movement​

At the close of trading today, shares of Swastika Investmart Ltd settled at ₹108.00, sinking 3.53% in the session. The equity traded within a range, moving between an intraday low of ₹106.36 and a high of ₹109.71.