Bizotic Commercial Limited announced the successful allotment of 2,64,000 fully paid-up equity shares through conversion of convertible warrants by its promoter group entity. The Board of Directors approved this transaction during their meeting held on April 2nd, 2026, at the company's registered office in Ahmedabad.
Board Meeting Outcome
The Board of Directors meeting commenced at 05:30 P.M. and concluded at 06:10 P.M. on Thursday, April 2nd, 2026. The meeting was held in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with reference to previous board meetings held on February 21st and February 23rd, 2026.
Meeting Details: Information Date: April 2nd, 2026 Time: 05:30 P.M. to 06:10 P.M. Location: Registered Office, Ahmedabad Regulation: SEBI (LODR) Regulations, 2015
Warrant Conversion Details
The allotment involved conversion of 2,64,000 convertible warrants held by Bizotic Nexus Private Limited, a promoter group entity. The conversion was executed at an issue price of Rs. 290.00 per share, including a premium of Rs. 280.00 per share over the face value of Rs. 10.00. This conversion represents the final tranche from a total of 16,02,000 convertible warrants, of which 13,38,000 warrants were previously converted.
Parameter: Details Warrants Converted: 2,64,000 Issue Price per Share: Rs. 290.00 Face Value: Rs. 10.00 Premium: Rs. 280.00 Total Consideration: Rs. 5,74,20,000 Balance Amount Received: Rs. 217.50 per warrant (75.00%)
Financial Impact
The warrant conversion generated proceeds of Rs. 5,74,20,000 for the company upon receipt of the balance 75.00% of the issue price per warrant. This transaction resulted in a significant increase in the company's equity base and paid-up share capital.
Metric: Before Conversion After Conversion Paid-up Share Capital: Rs. 9,37,80,000 Rs. 9,64,20,000 Number of Equity Shares: 93,78,000 96,42,000 Face Value per Share: Rs. 10.00 Rs. 10.00
Promoter Group Holdings
Bizotic Nexus Private Limited's shareholding increased substantially following the warrant conversion. The entity's total equity holding rose from 3,10,000 shares to 5,74,000 shares, representing an increase in ownership percentage from 3.31% to 5.95%.
Holding Period: Number of Shares Ownership Percentage Pre-Conversion: 3,10,000 3.31% Post-Conversion: 5,74,000 5.95%
Warrant Conversion History
This allotment represents the final conversion from Bizotic Nexus Private Limited's warrant holdings. The entity originally held 5,74,000 convertible warrants, of which 3,10,000 were previously converted into equity shares. The current conversion of 2,64,000 warrants completes the full exercise of their warrant allocation, leaving zero outstanding warrants for conversion.
Warrant Status: Details Total Warrants Originally Held: 5,74,000 Previously Converted: 3,10,000 Current Conversion: 2,64,000 Outstanding Balance: 0
Regulatory Compliance
The allotment was conducted in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The newly allotted equity shares will rank pari passu with existing equity shares in all respects. The company plans to apply to the stock exchange for listing and trading of the newly issued shares in due course. The convertible warrants were originally allotted on February 21st and February 23rd, 2026, carrying rights to subscribe to one equity share per warrant upon receipt of 25.00% of the issue price per warrant.
Bizotic commercial promoter Sangita Anmol Aggarwala has acquired 13,38,000 equity shares through preferential allotment, significantly increasing her stake in the company. The acquisition was completed on March 30, 2026, and disclosed under SEBI regulations governing substantial share acquisitions.
Share Acquisition Details
The preferential allotment resulted in a substantial increase in Aggarwala's shareholding position. Her voting rights expanded from 56,25,800 shares to 69,63,800 shares following the transaction.
Parameter Before Acquisition After Acquisition Change Shares Held 56,25,800 69,63,800 +13,38,000 Voting Rights (%) 69.97% 74.26% +4.29% Share Capital Base 80,40,000 shares 93,78,000 shares +13,38,000
Company Capital Structure Changes
The preferential issue expanded Bizotic Commercial's equity base significantly. The company's total equity share capital increased from Rs. 8,04,00,000 to Rs. 9,37,80,000, with each share carrying a face value of Rs. 10.00.
Metric Previous Structure Post-Allotment Total Equity Shares 80,40,000 93,78,000 Share Capital Value Rs. 8,04,00,000 Rs. 9,37,80,000 Face Value per Share Rs. 10.00 Rs. 10.00
Promoter Group Structure
Sangita Anmol Aggarwala operates as part of a broader promoter group that includes several entities acting in concert. The promoter group comprises:
Bizotic Dynamics Private Limited
Bizotic India Private Limited
Bizotic Industries Private Limited
Bizotic Nexus Private Limited
Regulatory Compliance
The disclosure was submitted to BSE Limited on April 1, 2026, in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company's shares trade on BSE under the script ID BIZOTIC.
The acquisition represents a strategic move by the promoter to strengthen her position in the company through the preferential allotment route, demonstrating continued confidence in Bizotic Commercial's business prospects.
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