Almondz Global Securities Submits EGM Notice for Rs 25 Crore Equity Issue Approval

Almondz Global Securities Limited has officially submitted the notice for its Extra-Ordinary General Meeting (EGM) to stock exchanges, following the board's approval of a significant Rs 25.00 crore equity share issuance through conversion of existing unsecured loan.

EGM Intimation and Notice Submission

The company submitted its formal intimation to BSE Limited and National Stock Exchange of India Limited on April 13, 2026, under reference agsl/corres/Bse/NSE/26-27/07. The notice confirms the EGM will be held on Monday, May 11, 2026, at 11:30 AM (IST) through Video Conference (VC) and Other Audio Visual Means (OAVM).

EGM Details: Information Date: Monday, May 11, 2026 Time: 11:30 AM (IST) Mode: Video Conference/OAVM Reference: agsl/corres/Bse/NSE/26-27/07 Submission Date: April 13, 2026

Board Approved Equity Share Issuance

The board meeting held on April 10, 2026, approved issuance of up to 1,63,18,538 fully paid-up equity shares with face value of Rs 1.00 each at an issue price of Rs 15.32 per share. The transaction involves conversion of existing unsecured loan aggregating Rs 25,00,00,000 to promoter Avonmore Capital & Management Services Limited.

Share Issue Parameters: Details Number of Shares: Up to 1,63,18,538 Face Value: Rs 1.00 per share Issue Price: Rs 15.32 per share Premium: Rs 14.32 per share Total Amount: Rs 25,00,00,000 Allottee: Avonmore Capital & Management Services Limited

Shareholding Pattern Impact

Post-allotment, the promoter's shareholding will increase from 87,40,08,454 shares (50.34%) to 1,03,72,69,92 shares (52.40%), considering the proposed allotment of 80,00,000 warrants approved by shareholders on March 27, 2026. The preferential allotment requires compliance with Section 42 and Section 62 of Companies Act, 2013, and SEBI ICDR Regulations.

Shareholding Changes: Pre-Issue Post-Issue Number of Shares: 8,74,08,454 10,37,26,992 Percentage Holding: 50.34% 52.40%

Regulatory Compliance and Documentation

The EGM notice has been made available on the company's website at www.almondzglobal.com and will be sent electronically to members whose email addresses are registered with the Company, Registrar and Transfer Agent, or Depositories. The transaction requires shareholder approval through special resolution and compliance with various regulatory requirements including SEBI Master Circular dated January 30, 2026.

The detailed notice was signed by Ajay Pratap, Director Legal & Corporate Affairs & Company Secretary (DIN: 10805775), ensuring adherence to Regulation 30 of SEBI Listing Regulations for proper disclosure and transparency.

Almondz Global Securities Limited has officially confirmed to stock exchanges that it does not meet the criteria for classification as a Large Corporate under SEBI's regulatory framework for debt securities fund raising. The company made this disclosure through a formal communication dated April 10, 2026, addressed to both BSE and NSE.

Regulatory Framework Details

The confirmation relates to SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, which establishes the framework for fund raising by issuance of debt securities by Large Corporate Entities. This circular works in conjunction with Chapter XII of SEBI Operational Circular dated August 10, 2021, and SEBI Circular dated November 26, 2018.

Company's Financial Position

The key financial metrics that determine the company's status under the regulatory framework are presented below:

Parameter Details Outstanding Long-term Borrowings (as on March 31, 2026) ₹0.76 crore Credit Rating CARE BBB-;Stable Rating Agency CARE Ratings Ltd Required Threshold for Large Corporate Status ₹1,000 crore

Despite maintaining a credit rating of CARE BBB-;Stable issued by CARE Ratings Ltd, the company's total outstanding long-term borrowings of ₹0.76 crore fall significantly short of the ₹1,000 crore threshold specified under point 3.2 (b) of the October 19, 2023 circular.

Compliance and Documentation

The company has submitted Annexure A as required under the SEBI circulars, providing complete details of its financial position and credit rating status. The documentation was signed by Ajay Pratap, Director Legal & Corporate Affairs & Company Secretary, and Rajeev Kumar, CFO, confirming the accuracy of the submitted information.

Exchange Notification

As part of the regulatory compliance process, Almondz Global Securities has designated BSE as the stock exchange where any potential fines would be paid in case of shortfall in required borrowing under the framework, though this provision does not currently apply to the company given its non-Large Corporate status.

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