BSECorp Action1d ago · 2 Oct 2026, 01:20 pm

Pursuant to Regulation 30 of the SEBI Listing Regulations read with the applicable provisions of the SEBI ICDR Regulations, Intimation regarding lapse of unexercised warrants and forfeiture of upfront subscription amount.

Dhansafal Finserve Ltd · 512048

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Dhansafal Finserve Ltd has announced the lapse of unexercised warrants and forfeiture of upfront subscription amount, as per Regulation 30 of the SEBI Listing Regulations. The company has converted 4,97,00,000 warrants into equity shares, but the remaining 3,69,20,000 warrants have not been exercised, resulting in the lapse of the entitlement to exercise the conversion option and the forfeiture of the upfront subscription amount.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk3/10
Liquidity Impact6/10
Market Sentiment5/10

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Dhansafal Finserve Ltd - 512048 - Announcement under Regulation 30 (LODR)-Conversion of Securities

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Ref No: DFL/SEC/2026-27/34 Date: October 02, 2026 The Manager, Department of Corporate Services, BSE Limited, Phirozee Jeejeeboy Towers, Dalal Street, Fort, Mumbai - 400 001. Scrip Code: 512048 Dear Sir/ Ma’am, Subject: Intimation under Regulation 30 of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Forfeiture of Convertible Warrants. Pursuant to Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in accordance with Regulation 169(2) & (3) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ SEBI ICDR Regulations”), and in furtherance to our intimation dated April 02, 2025, wherein the Board of Directors had allotted 8,66,20,000 convertible share warrants of the face value of Re. 1/- each, convertible into equivalent number of equity shares of the Company, on a preferential basis, for cash, at an issue price of Rs. 4.31/- per warrant. Further as per Regulation 162(1) of SEBI ICDR Regulations, the warrant holders were entitled to exercise the conversion option within 18 (Eighteen) months from the date of allotment. The Company has, upon receipt of the balance 75% consideration, converted 4,97,00,000 warrants into equity shares. The last date for exercising the conversion option was October 01, 2026. Since the warrant holders as enlisted in the attached “Annexure-1” have not exercised the conversion option in respect of the remaining 3,69,20,000 warrants within the stipulated period, the entitlement to exercise the conversion option in respect of such warrants has lapsed with effect from October 02, 2026. Accordingly, the amount paid towards such warrants shall stand forfeited by the Company in accordance with Regulation 169(3) of the SEBI ICDR Regulations. Impact: • There will be no change in the paid-up equity share capital of the Company pursuant to the lapse and forfeiture of the warrants. • The potential dilution of the equity share capital of the Company stands reduced pursuant to the non-conversion of the said warrants. The above information is also available on the Company's website at www.dhansafal.com. You are requested to take the above information on record. Thanking you. Yours faithfully, For DhanSafal Finserve Limited Ankur Agrawal Managing Director DIN: 06408167 Encl: A/a Annexure I Details of Forfeiture of Warrants Sr. Name of the Allottee Category of Number of Number of Number of Amount No. the Allottee Warrants Warrants Warrants forfeited Allotted Converted Lapsed (In Rs.) 1. Luharuka Exports Promoter 4,40,00,000 3,42,30,000 97,70,000 1,05,27,175 Private Limited 2. Haresh Mehta Non-Promoter 16,00,000 0 16,00,000 17,24,000 3. Jatin Mehta Non-Promoter 16,00,000 0 16,00,000 17,24,000 4. Shivani Mehta Non-Promoter 16,00,000 0 16,00,000 17,24,000 5. Shreya Mehta Non-Promoter 16,00,000 0 16,00,000 17,24,000 6. Khushbu Doshi Non-Promoter 16,00,000 0 16,00,000 17,24,000 7. Shubham Vaghasia Non-Promoter 5,00,000 0 5,00,000 5,38,750 8. Arkfin Investment and Non-Promoter 1,05,00,000 0 1,05,00,000 1,13,13,750 Advisors Pvt Limited 9. Anil K Sachidanand Non-Promoter 21,00,000 0 21,00,000 22,62,750 10. Sandeep Phadke Non-Promoter 11,60,000 0 11,60,000 12,49,900 11. Bobby Singh Chandel Non-Promoter 9,30,000 0 9,30,000 10,02,075 12. Vishal Desai Non-Promoter 10,00,000 0 10,00,000 10,77,500 13. Shourya Bardia Non-Promoter 5,80,000 0 5,80,000 6,24,950 14. Amit Prakash Non-Promoter 5,10,000 0 5,10,000 5,49,525 15. Ayan Shakir Sheikh Non-Promoter 8,10,000 50,000 7,60,000 8,18,900 16. Nilesh Pande Non-Promoter 8,10,000 0 8,10,000 8,72,775 17. Nandini Kunwar Non-Promoter 5,80,000 2,80,000 3,00,000 3,23,250 Sisodiya Total 3,69,20,000 3,97,81,300