Olatech Solutions Ltd. Forfeits Unexercised Warrants Issued on Preferential Basis

Olatech Solutions Ltd. has disclosed the forfeiture of unexercised warrants issued on a preferential basis to a non-promoter investor. The decision was approved by the Board of Directors during a meeting held on Tuesday, May 05, 2026. The warrants, which were allotted to Naved Iqbal, remained unexercised within the prescribed time period, leading to their forfeiture in accordance with SEBI regulations.

The warrants were originally issued under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. As per the terms of issue, at least 25% of the consideration was received upfront at the time of allotment. The balance consideration was required to be paid at the time of exercise of the option within a period not exceeding 18 months from the date of allotment. Failure to exercise the warrants within this stipulated period results in the forfeiture of the upfront amount paid, as per Regulation 159(2) of the ICDR Regulations.

Details of Forfeiture

The forfeiture involves 9,74,000 warrants, all of which were forfeited as they were not exercised. The issue price per warrant was ₹181, with an upfront payment of Rs. 4,40,73,500. The total amount forfeited is Rs. 4,40,73,500. The details of the forfeiture are outlined in the table below:

Sr No Name of Allottee Category (Promoter/ Non-Promoter) No. of Warrants Allotted No. of Warrants Exercised No. of Warrants Forfeited Issue Price Per Warrant Amount Paid Upfront Total Amount Forfeited 1 Naved Iqbal Non-Promoter 9,74,000 0 9,74,000 181/- Rs. 4,40,73,500/- Rs. 4,40,73,500/-

Impact and Key Notes

The forfeiture of these warrants will not result in any change to the paid-up share capital of the company, as the warrants were not converted into equity shares. However, the move will lead to a reduction in potential equity dilution. The Board meeting, during which this decision was made, commenced at 04:00 PM and concluded at 04:30 PM on May 05, 2026.

Olatech Solutions Ltd. has ensured compliance with all regulatory requirements, including Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the necessary details to the BSE SME Platform, where its scrip is listed under the code 543578.

Olatech Solutions Ltd. has informed the BSE SME Platform of an upcoming Board of Directors meeting, scheduled for Friday, May 15, 2026. The intimation was filed on May 05, 2026, pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The board meeting has been convened to consider and approve key financial matters. The following items are on the agenda:

Agenda Item: Details Financial Results: Standalone and Consolidated Audited Financial Results for the year ended March 31, 2026 Additional Business: Any other agenda with the permission of the Chairman Meeting Date: Friday, May 15, 2026

Trading Window Closure

In line with the company's Code of Conduct for Prevention of Insider Trading, framed under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the equity shares of Olatech Solutions has been closed effective April 01, 2026. The trading window will remain closed until 48 hours after the communication of the aforesaid financial results to the stock exchange.

The intimation was signed by Mr. Amit Kumar Singh, Managing Director (DIN: 06582830), on behalf of Olatech Solutions Limited.

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