Aveer Foods Receives BSE Listing Approval for Promoter Share Allotment

Aveer Foods Limited has successfully received listing approval from BSE Limited for equity shares issued to its promoter through warrant conversion. The company received the official listing approval letter on March 16, 2026, and submitted the regulatory disclosure on March 17, 2026, under Regulation 30 of SEBI LODR Regulations, 2015.

BSE Listing Approval Details

BSE Limited granted listing approval for 2,26,087 equity shares of Rs. 10 each issued at a premium of Rs. 565 per share to the promoter. The shares bear distinctive numbers from 4028253 to 4254339 and were issued on preferential basis pursuant to conversion of warrants.

Parameter: Details Shares Approved: 2,26,087 equity shares Face Value: Rs. 10 per share Premium: Rs. 565 per share Issue Price: Rs. 575 per share Distinctive Numbers: 4028253 to 4254339 BSE Reference: LOD/PREF/SS/FIP/1881/2025-26

Share Acquisition Background

Vishal Rajkumar Chordia, the promoter, had acquired these 2,26,087 equity shares through preferential allotment on March 11, 2026. The shares were issued upon exercise of warrants that were originally allotted to him on March 20, 2025. This acquisition increased his shareholding from 5,71,258 shares (13.43%) to 7,97,345 shares (17.80%) of the enlarged share capital.

Shareholding Details: Before Acquisition After Acquisition Vishal Rajkumar Chordia: 5,71,258 shares (13.43%) 7,97,345 shares (17.80%) Total Share Capital: 42,54,339 shares 44,80,426 shares Paid-up Capital: Rs. 4,25,43,390 Rs. 4,48,04,260

Trading Approval Requirements

While BSE has granted listing approval, trading approval is still pending. The exchange has specified that trading approval will be granted only after the company files confirmation letters from NSDL/CDSL about crediting the shares to respective beneficiary accounts and admitting the capital to the depository system.

Pending Requirements: Details NSDL/CDSL Confirmation: Credit to beneficiary accounts Depository Admission: Capital admission to depository system Lock-in Confirmation: Pre-preferential holding lock-in (if applicable) Timeline: Within seven working days from listing approval

Regulatory Compliance

The company must ensure compliance with Regulation 167 of SEBI ICDR Regulations and file shareholding pattern in XBRL mode under Regulation 31(1)(c) of SEBI LODR Regulations, 2015, as the change exceeds two percent of total paid-up share capital. The disclosure was signed by Company Secretary & Compliance Officer Tejashree Wagholikar and submitted to BSE's Corporate Services Department.

Aveer Foods Limited has successfully completed the warrant conversion process, with the board of directors approving the allotment of 2,26,087 equity shares to promoter Mr. Vishal Rajkumar Chordia on March 11, 2026. The board meeting concluded with the conversion of warrants originally issued on preferential basis, marking the complete exercise of warrants allocated to the promoter.

Board Meeting Outcome

The board meeting held on March 11, 2026, from 11:45 AM to 12:04 PM IST, approved the allotment of fully paid-up equity shares pursuant to warrant conversion. The company communicated the outcome through official letter AFL/SEC/BSE/176/2025-2026 to BSE Limited under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Parameter: Details Meeting Date: March 11, 2026 Meeting Duration: 11:45 AM to 12:04 PM IST Shares Allotted: 2,26,087 Face Value: Rs. 10.00 per share Issue Price: Rs. 575.00 per share Premium: Rs. 565.00 per share Allottee: Mr. Vishal Rajkumar Chordia

Capital Structure Impact

The warrant conversion has resulted in a significant increase in the company's paid-up capital. The allotment represents the complete exercise of warrants that were originally issued on March 20, 2025, on preferential basis to promoter category persons. The paid-up capital has increased by Rs. 22,60,870.00 following this conversion.

Financial Impact: Amount Previous Paid-up Capital: Rs. 4,25,43,390.00 New Paid-up Capital: Rs. 4,48,04,260.00 Capital Increase: Rs. 22,60,870.00 Total Issue Amount: Rs. 13,00,00,025.00 Balance Payment Received: Rs. 431.25 per warrant

Warrant Conversion Details

The conversion relates to warrants issued on March 20, 2025, with a total original allotment of 4,52,174 warrants to promoter category persons. The current conversion represents the complete exercise of all remaining warrants by Mr. Vishal Rajkumar Chordia within the 18-month conversion period, leaving no balance warrants outstanding.

Warrant Details: Figures Original Warrant Allotment: 4,52,174 Warrants Converted: 2,26,087 Balance Warrants: Nil Initial Subscription (25%): Rs. 143.75 per warrant Conversion Period: 18 months from allotment

Regulatory Compliance

The allotment has been completed pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company provided comprehensive disclosures as required under SEBI Master Circular dated January 30, 2026, covering all aspects of the preferential allotment process including detailed annexures with conversion outcomes.

The communication was signed by Tejashree Wagholikar, Company Secretary & Compliance Officer, confirming the successful completion of the warrant conversion process. The allotment was made to one investor, representing the complete conversion of warrants allocated to the promoter category.

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