Apollo Micro Systems Allots 13,000 Shares on Warrant Convers...
Source: scanx.trade
Tanvi Foods (India) Limited announced on May 12, 2026, that its Board of Directors approved the allotment of 1,90,225 equity shares to promoter Ms. Vasavi Adusumilli, pursuant to the conversion of an equivalent number of equity share warrants. The board meeting commenced at 4:30 P.M. and concluded at 5:30 P.M. on the same day. The allotment was carried out in accordance with the terms of the Extraordinary General Meeting (EGM) held on December 14, 2024, and in compliance with the applicable provisions of the Companies Act, 2013 and SEBI (ICDR) Regulations.
Allotment and Conversion Details
The equity shares allotted carry a face value of Rs. 10/- each and were issued under a preferential allotment route. The original equity share warrants were allotted on December 31, 2024, at an issue price of Rs. 90/- per warrant. At the time of the original allotment, 25% of the total consideration — amounting to Rs. 22.50/- per warrant — was received. Upon receipt of the conversion notice on May 12, 2026, the balance 75% of the consideration, amounting to Rs. 67.50/- per warrant, was received from Ms. Vasavi Adusumilli.
The key parameters of this allotment are summarised below:
Parameter: Details Type of Securities: Equity Shares (face value Rs. 10/- each) Type of Issuance: Preferential Allotment Number of Shares Allotted: 1,90,225 Allottee: Ms. Vasavi Adusumilli (Promoter) Issue Price per Warrant: Rs. 90/- Amount Received (75% Balance): Rs. 1,28,40,187.50/- Balance Consideration per Warrant: Rs. 67.50/- Original Warrant Allotment Date: December 31, 2024 Conversion Notice Date: May 12, 2026 Number of Investors: 1 (One)
Outstanding Warrants Post-Conversion
Of the total 10,48,225 equity share warrants originally allotted, 1,90,225 equity share warrants have been converted into an equivalent number of equity shares in the current allotment. The remaining 8,58,000 equity share warrants are yet to be converted and shall be converted subsequently upon receipt of the balance consideration and subject to necessary compliances. There has been no cancellation or termination of any proposal for issuance of securities.
Regulatory Compliance
The allotment details have been disclosed to BSE Limited under Regulation 30 of the SEBI Listing Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The disclosure was filed by Gagandeep Kaur Saluja, Company Secretary and Compliance Officer of Tanvi Foods (India) Limited. The company is headquartered at Flat No. 101, Alekhya Homes, Temple Tree, Raghavendra Colony, Kondapur, Hyderabad – 500084, Telangana, with its manufacturing unit located at D.No: 3-157, Seetharampuram, Nuzvidu Mandal, Krishna District, Pin – 521106, Andhra Pradesh.
Tanvi Foods (India) Limited has filed its quarterly compliance certificate with BSE Limited for the quarter ended March 31, 2026, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations 2018.
Regulatory Compliance Filing
The company submitted the certificate on April 10, 2026, through Managing Director Sri Nagaveer Adusumilli, who digitally signed the submission. The filing was made in compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018, which requires companies to report on share dematerialisation activities.
Filing Details: Information Quarter Ended: March 31, 2026 Submission Date: April 10, 2026 Regulation: SEBI Regulation 74(5) Scrip Code: 540332 Scrip ID: TANVI
Certificate Confirmation
Bigshare Services Private Ltd., serving as the company's Registrar and Share Transfer Agent, issued the confirmation certificate on April 04, 2026. The RTA confirmed that Regulation 74(5) is not applicable to Tanvi Foods (India) Limited for the quarter ended March 31, 2026.
Share Holding Status
The certificate reveals that the entire shareholding of Tanvi Foods (India) Limited remains in demat form. During Q4 FY26, the company received no requests from shareholders for either rematerialisation or dematerialisation of shares, indicating complete digital holding of securities.
Share Status: Details Demat Holdings: 100% of shares Rematerialisation Requests: None received Dematerialisation Requests: None received Quarter Period: Q4 FY26
Company Information
Tanvi Foods (India) Limited operates from its registered office in Hyderabad, Telangana, with manufacturing facilities in Krishna District, Andhra Pradesh. The company is engaged in food processing and operates under brands including Corn Club and Frozen King's, focusing on healthy food products and frozen foods respectively.
The successful filing demonstrates the company's adherence to regulatory compliance requirements and maintains transparency with stock exchange authorities regarding its shareholding structure and dematerialisation activities.
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Source: scanx.trade
Source: The Economic Times
Source: The Economic Times