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Sangam (India) Limited’s promoters received warrants convertible into equity shares valued at Rs 100 crore
11-Sep-2026, 01:02
Sangam (India) Limited has allotted 18,00,000 warrants convertible into equity shares on a preferential basis to promoters and promoter group entities, including Mr. Pranal Modani, Mr. Vinod Kumar Sodani, Ms. Antima Soni, Ms. Anjana Soni Thakur, Ms. Krippie Soni, Sangam E-com Limited, and Nidhi Mercantiles Limited. The allotment, totaling Rs 100,00,08,000, was approved by shareholders on August 12, 2026, and approved in-principle by the National Stock Exchange of India Limited and BSE Limited on September 7, 2026. The company has received Rs 25,00,02,000 as a warrant subscription amount, and the warrants can be converted into equity shares within 18 months, on or before March 10, 2028.