D&H India Board Approves ₹32.59 Crore Warrant Issuance Under SEBI Regulations

D&H India Limited announced the outcome of its 9/2025-26 board meeting held on March 14, 2026, where directors approved the issuance of convertible warrants worth ₹32.59 crore to promoters and promoter group members. The board meeting, conducted at the company's corporate office in Indore from 2:30 PM to 4:30 PM, resulted in key approvals under SEBI (LODR) Regulations, 2015. Board Meeting Outcomes and Regulatory Compliance The board approved the issuance of up to 21,57,000 warrants at ₹151 each, convertible into 21,57,000 equity shares of ₹10 each at a premium of ₹141 per share. The issuance is structured as a preferential allotment to promoters and promoter group members, subject to approval by special resolution from members at the upcoming Extra-Ordinary General Meeting. The proposal complies with SEBI (ICDR) Regulations, 2018 and SEBI (LODR) Regulations, 2015, with detailed disclosures made under Regulation 30. Parameter: Details Total Warrants: 21,57,000 Price per Warrant: ₹151 Total Value: ₹32.59 crore Conversion Ratio: 1:1 Premium per Share: ₹141 Warrant Allocation to Promoters The warrants will be allocated among three members of the promoter and promoter group on a preferential basis: Investor: Category Number of Warrants Convertible Equity Shares Shri Harsh Vora Promoter 6,15,000 6,15,000 Shri Saurabh Vora Promoter Group 7,86,000 7,86,000 Smt. Kiran Vora Promoter Group 7,56,000 7,56,000 Total 21,57,000 21,57,000 Shareholding Impact Analysis Upon full conversion of the proposed warrants, the shareholding pattern will witness significant changes for the promoter and promoter group members: Investor: Pre-preferential Holding Post Allotment (Full Subscription) Shri Harsh Vora 10,99,745 17,14,745 Shri Saurabh Vora 16,88,600 24,74,600 Smt. Kiran Vora 9,41,385 16,97,385 EGM Schedule and Key Dates The board also approved the notice for the 01/2026-27 Extra-Ordinary General Meeting scheduled for April 10, 2026. The warrant issuance is subject to approval by special resolution from members at this EGM: Parameter: Date & Time EGM Date Friday, April 10, 2026 Cut Off Date Friday, April 3, 2026 E-voting Period April 7, 2026 (9:00 AM IST) to April 9, 2026 (5:00 PM IST) Terms and Conversion Details The convertible warrants carry a conversion period of 18 months from the date of allotment. The consideration for the warrant issuance will be in cash, and the proposal can be executed in one or more tranches within the conversion period. In case warrant holders fail to exercise their conversion rights within the stipulated 18-month period, the unexercised warrants will lapse and the amounts paid by warrant holders will be forfeited by the company. The warrants are issued in compliance with SEBI regulations and require member approval through special resolution at the upcoming EGM. D&H India Limited has received a regulatory disclosure regarding share acquisition through its recent rights issue. The disclosure, filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, details the acquisition by Aishwarya Lunia Kakrecha. Share Acquisition Details Aishwarya Lunia Kakrecha acquired 1,05,000 equity shares of face value Rs. 10/- each through the company's rights issue. This acquisition represents 5.13% of the total rights issue offered by D&H India Limited. The acquisition was completed on 22/02/2026. Parameter: Details Shares Acquired: 1,05,000 Face Value per Share: Rs. 10/- Acquisition Date: 22/02/2026 Mode of Acquisition: Rights Issue Percentage of Rights Issue: 5.13% Shareholding Position Following the acquisition, the investor's shareholding position in D&H India Limited has changed significantly. Prior to this acquisition, Aishwarya Lunia Kakrecha held 1,28,451 shares, representing 1.57% of the company's equity. Shareholding Details: Before Acquisition After Acquisition Number of Shares: 1,28,451 2,33,451 Percentage Holding: 1.57% 2.28% Voting Rights: 1.57% 2.28% Company Capital Structure The rights issue has resulted in an expansion of D&H India Limited's equity capital structure. The company's total equity share capital increased substantially following the completion of the rights issue. Capital Structure: Before Rights Issue After Rights Issue Total Shares: 81,88,000 1,02,35,000 Face Value per Share: Rs. 10/- Rs. 10/- Total Equity Capital: Rs. 8,18,80,000 Rs. 10,23,50,000 Regulatory Compliance The disclosure confirms that Aishwarya Lunia Kakrecha does not belong to the promoter or promoter group of D&H India Limited. The shares of the company are listed on BSE Limited. The acquisition was made through a voluntary disclosure format as prescribed under SEBI regulations for substantial acquisition of shares. The total rights issue comprised 20,47,000 shares, with the acquirer participating for 1,05,000 shares, representing 5.13% of the total rights offering. This acquisition demonstrates investor confidence in the company's growth prospects and participation in its capital expansion plans. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. 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