BSECompany Update1d ago · 2 Oct 2026, 01:15 pm
Pursuant to Regulation 30 of the SEBI Listing Regulations read with the applicable provisions of 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 forfeited unexercised warrants, resulting in a reduction in potential equity dilution.
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Dhansafal Finserve Ltd - 512048 - Intimation Regarding Forfeiture Of Unexercised Warrants.
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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