Candour Techtex Limited Completes Preferential Allotment of Equity Shares and Convertible Warrants

Candour Techtex Limited has completed a significant preferential allotment of equity shares and convertible warrants, marking a major capital raising initiative for the Mumbai-based textile company. The Board of Directors approved the allotment on February 16, 2026, under the provisions of SEBI (ICDR) Regulations, 2018. Allotment Details The company successfully allotted securities to multiple investors at a premium price of Rs. 125/- per share, including a premium of Rs. 115/- over the face value of Rs. 10/-. Security Type: Quantity Allotted Issue Price (Rs.) Total Value (Rs.) Equity Shares: 52,54,700 125/- 65,68,37,500 Convertible Warrants: 79,72,600 125/- 99,65,75,000 Warrant Consideration and Terms For the convertible warrants, Candour Techtex received the mandatory 25% upfront consideration totaling Rs. 24,91,43,750 (Rs. 31.25 per warrant). The warrants are fully convertible into equivalent equity shares within a maximum period of 18 months from the allotment date. Each warrant can be converted into one fully paid-up equity share of face value Rs. 10/- at the same price of Rs. 125/-. Cancelled Allotments Due to non-receipt of allotment money by the due date, the board cancelled several proposed allotments. The cancellations included 15,31,700 equity shares and 10,99,400 warrants across multiple investors who failed to remit the required funds. Cancelled Securities: Quantity Equity Shares: 15,31,700 Warrants: 10,99,400 Shareholding Pattern Impact The preferential allotment will significantly alter the company's shareholding structure. Post-allotment, including full conversion of warrants, the shareholding pattern will change substantially. Category: Pre-Issue Shares Pre-Issue (%) Post-Issue Shares Post-Issue (%) Promoters & Promoter Group: 61,69,411 32.89 1,16,89,411 36.10 Public: 1,29,87,327 67.11 2,06,94,627 63.90 Total: 1,91,56,738 100.00 3,23,84,038 100.00 Investor Base The allotment attracted a diverse investor base including individual investors, HUFs, and corporate entities. Major equity share allottees included Sweta Lath (2,50,000 shares), Pradeep Sekhri (1,60,000 shares), and several other investors with allocations ranging from 10,000 to 1,00,000 shares each. For warrants, Jayesh R. Mehta emerged as the largest allottee with 55,20,000 warrants, followed by Kadoli Investment Limited with 5,00,000 warrants. The successful completion of this preferential issue strengthens Candour Techtex's capital base while maintaining regulatory compliance under SEBI guidelines. The company has taken necessary actions regarding cancelled allotments in accordance with the Companies Act, 2013, and applicable SEBI regulations. Candour techtex Limited has proactively disclosed clerical corrections in its preferential allottee list to BSE Limited and Metropolitan Stock Exchange of India Limited on February 16, 2026. The company identified inadvertent clerical and typographical errors in the names of a limited number of proposed allottees during an internal review and reconciliation exercise. Key Clarifications on Corrections The company emphasized that all PAN numbers remain completely unchanged, with no alterations to the identity of any proposed allottee. The corrections are strictly limited to aligning allottee names with their respective PAN records, involving no substitution, addition, deletion, or replacement of any allottee. Parameter Status PAN Numbers Unchanged Addresses Unchanged Categories Unchanged Securities Quantity Unchanged Consideration Amount Unchanged Total Allottees Within prescribed limits Detailed Corrections in Equity Allottees The corrections affect 17 equity allottees with various clerical issues including spelling errors, missing name components, and incorrect surnames. Notable corrections include Jinali Nilesh Shah corrected to Jinali Nilesh Mehta for 25,000 shares, and Shree Gurukrupa Tradelink Pvt Ltd name completion for 60,000 shares. Correction Type Examples Quantity Range Spelling Errors Sangeetaben to Sangitaben, Dhurvansh to Dhruvansh 20,000-30,000 shares Name Completion Vishal Kumar to Prasanlal Vishal Kumar 20,000-60,000 shares Surname Corrections Shah to Mehta, Kamani to Karnani 20,000-30,000 shares Warrant Allottee Correction One warrant allottee correction involves Janakben H Jhala corrected to Janakba H. Zala for 15,000 warrants, addressing both spelling and surname errors while maintaining the same PAN number. Regulatory Compliance Confirmation The company confirmed that these rectificatory corrections do not impact compliance with SEBI regulations, Companies Act 2013, or other applicable laws. The total number of proposed allottees remains within limits prescribed under Rule 14(2) of the Companies (Prospectus and Allotment of Securities) Rules, 2014. Managing Director Jayesh Ramniklal Mehta signed the disclosure, requesting exchange approval for the revised allottee list reflecting correct names as per PAN records. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. 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