NSEAllotment of Securities11 Sept 2026 · 11 Sept 2026, 12:41 pm
Allotment of Securities
Sangam (India) Limited · SANGAMIND
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Sangam (India) Limited has informed the Exchange regarding allotment of 18,00,000 warrants convertible into equal number of equity shares of the face value of Rs. 10/- each on a preferential basis on September 11, 2026.
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Full Announcement
Sangam (India) Limited has informed the Exchange regarding allotment of 1800000 warrants convertible into equal number of equity shares of the face value of Rs. 10/- each on a preferential basis on September 11, 2026
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SANGAM (INDIA) LIMITED
CIN : L17118RJ 1984PLC 003173
E - mail : secretarial@sangamgroup.com
Website : www.sangamgroup.com I Ph : +91-1482-245400-06
Ref: SIL/SEC/2026
Date: 11th September, 2026
The Manager The Manager,
Department of Corporate Services Department of Corporate Services,
The National Stock Exchange of India Ltd. Bombay Stock Exchange Ltd.
Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers
Plot No. C/1, G Block 25th Floor, Dalal Street,
Bandra Kurla Complex, Bandra (E) MUMBAI - 400 001
Mumbai – 400051 Scrip Code: 514234
Scrip Code: SANGAMIND
Ref.: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015
Sub.: Allotment of 18,00,000 Warrants convertible into equal number of Equity Shares on
Preferential Basis
Dear Sir,
Pursuant to Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we hereby
inform you that, in accordance with the approval of the shareholders of the Company at the Extra-
Ordinary General Meeting held on 12th August, 2026 and pursuant to the in-principle approvals
received from the National Stock Exchange of India Limited and BSE Limited, dated 7th September,
2026, the Board of Directors of the Company, through a resolution passed by circulation dated 11th
September, 2026, has allotted 18,00,000 (Eighteen Lakhs) warrants (“Warrants”) convertible into
equal number of Equity Shares of Rs. 10/- each at a price of ₹ 555.56/- (Rupees Five Hundred Fifty-
Five and Fifty-Six Paise) per warrant, aggregating to ₹ 100,00,08,000/- (Rupees One Hundred Crore
and Eight Thousand Only) to the following Promoter/Promoter Group on a preferential basis:
Sr. No. Name of the Allottees No. of Warrants Allotted Category
1. Mr. Pranal Modani 1,50,000 Promoter
2. Mr. Vinod Kumar Sodani 1,50,000 Promoter
3. Ms. Antima Soni 1,00,000 Promoter
4. Ms. Anjana Soni Thakur 1,00,000 Promoter
5. Ms. Krippie Soni 2,00,000 Promoter Group
6. Sangam E-com Limited 6,00,000 Promoter Group
7. Nidhi Mercantiles Limited 5,00,000 Promoter Group
Total 18,00,000
Registered Office : Sangam House, Atun, Chittorgarh Road, Bhilwara - 311001 (Raj.) INDIA
SANGAM (INDIA) LIMITED
CIN : L17118RJ 1984PLC 003173
E - mail : secretarial@sangamgroup.com
Website : www.sangamgroup.com I Ph : +91-1482-245400-06
The Company has received 25% of the Warrant Issue Price, i.e., ₹ 138.89/- per warrant, aggregating
to ₹ 25,00,02,000/- (Rupees Twenty-Five Crore Two Thousand Only), as the Warrant Subscription
amount payable in respect of the Warrants from the aforesaid Allottees, pursuant to which the
Board has made the allotment of the Warrants.
The allotment of these Warrants entitles the Allottees to seek conversion of the Warrants in one or
more tranches, within a maximum period of 18 months from the date of allotment of the Warrants,
i.e. on or before 10th March, 2028, upon payment of the balance 75% of the Warrant Issue Price, i.e.
₹ 416.67/- per warrant. Each warrant shall be convertible into 1 (one) fully paid-up Equity Share of
the Company having a face value of ₹ 10/- each (Rupees Ten Only).
Since the securities allotted pursuant to the present preferential issue are Warrants, the allotment
of the Warrants does not result in any change in the issued, subscribed and paid-up equity share
capital of the Company at this stage.
The details as required under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026, are enclosed herewith as Annexure - I.
Kindly take the same on records.
Thanking you.
Yours faithfully
For Sangam (India) Limited
(Arjun Agal)
Company Secretary
M. No. - A74400
Encl. as above
Registered Office : Sangam House, Atun, Chittorgarh Road, Bhilwara - 311001 (Raj.) INDIA
SANGAM (INDIA) LIMITED
CIN : L17118RJ 1984PLC 003173
E - mail : secretarial@sangamgroup.com
Website : www.sangamgroup.com I Ph : +91-1482-245400-06
Annexure - I
Details on Preferential Allotment in terms of Regulation 30 of Listing Regulations read with SEBI
Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Sr. No. Particulars Details
1 Type of securities proposed to be 18,00,000 Warrants, convertible into equal number of fully
allotted/issued paid-up Equity Share of the Company each having a face
value of ₹10/- each
2 Type of Issuance Preferential Issue
3 Total number of securities Allotment of 18,00,000 (Eighteen Lakh) Warrants convertible
proposed to be allotted/issued or into equal number of Equity Shares at a face value of Rs. 10/-
the total amount for which the (Rupees Ten) per share at the issue price of Rs. 555.56/-
securities will be issued (Rupees Five Hundred Fifty-Five and Fifty-Six Paise) per
warrant, aggregating up to Rs. 100,00,08,000/- (Rupees One
Hundred Crore and Eight Thousand Only) on a preferential
basis.
The warrant holder has made payment of 25% of the issue
price as per terms of the issue.
4 Name of the Allottees As per the list mentioned above
5 Post allotment of securities * Outcome of subscription (No. of Shares) on a fully diluted
outcome of the subscription, issue basis assuming conversion of all warrants:
price/allotted price (in case of Category Pre Post
convertibles), number of investors; Promoter/ 3,54,31,638 3,72,31,638
Promoter’s Group (70.52%) (71.54%)
Public 1,38,78,378 1,38,78,378
(27.62%) (26.67%)
Non-Promoter 9,36,543 9,36,543
Non-Public (1.86%) (1.80%)
TOTAL 5,02,46,559 5,20,46,559
(100.00%) (100.00%)
Issue Price: Rs. 555.56/- (Rupees Five Hundred Fifty-Five and
Fifty-Six Paise) per warrant as per the provisions of
Regulation 164(1) of the SEBI (ICDR) Regulations, 2018
The number of Investors is 7 (Seven).
*“Post-preferential shareholding has been calculated
assuming full conversion of all 18,00,000 Warrants into an
equal number of Equity Shares. The Warrants allotted on 11th
September 2026 do not form part of the issued, subscribed
and paid-up equity share capital until conversion.”
Registered Office : Sangam House, Atun, Chittorgarh Road, Bhilwara - 311001 (Raj.) INDIA
SANGAM (INDIA) LIMITED
CIN : L17118RJ 1984PLC 003173
E - mail : secretarial@sangamgroup.com
Website : www.sangamgroup.com I Ph : +91-1482-245400-06
6 In case of convertibles-intimation The rights attached to Warrants may be exercised by the
on conversion of securities or on Warrant Holder(s), in one or more tranches, at any time on
lapse of the tenure of the or before the expiry of 18 months, from the date of allotment
instrument of the Warrants. In the event the Warrant Holder(s) do not
exercise the right attached to the Warrant(s) within 18
months from the date of allotment of the Warrants, such
unexercised Warrant(s) shall lapse, and the amount paid by
the Warrant Holder(s) in respect of such Warrants at the time
of subscription/allotment shall stand forfeited by the
Company.
Registered Office : Sangam House, Atun, Chittorgarh Road, Bhilwara - 311001 (Raj.) INDIA