Nanta Tech EGM Oct 10, 2026: ₹24.06 Cr Preferential Warrants

What the company is seeking shareholder approval for

Nanta Tech Limited has scheduled an Extraordinary General Meeting (EGM) on October 10, 2026 to seek shareholder approval for a preferential issue of convertible warrants. The board approved the related resolutions on September 11, 2026. Alongside the fund raise, shareholders will also be asked to approve an increase in the company’s authorised share capital. The EGM is planned through Video Conferencing (VC) or Other Audio Visual Means (OAVM), in line with SEBI-compliant meeting practices cited in the filing highlights. The company has also lined up a remote e-voting window ahead of the meeting. The proposals cover both fund-raising mechanics and corporate authorisations needed to execute the issuance.

Preferential issue size, instrument, and headline pricing

The board has approved a preferential issue of up to 6,25,000 convertible warrants. The headline issue price highlighted in the disclosures is ₹385 per warrant, which aggregates to a fund raise of ₹24.06 crore. Each warrant is proposed to be convertible into one equity share within 18 months of allotment. The issue is structured to include participation from both promoter and non-promoter investors. A separate transaction description in the provided text also references a private placement involving 625,000 warrants, but it cites different per-warrant figures, indicating that investors should rely on the company’s official EGM notice and exchange filings for the final terms.

Upfront payment and conversion timeline

As per the stated terms, investors are required to pay 25% of the warrant price upfront at the time of allotment. The remaining 75% is payable at the time of conversion. The conversion period stated is within 18 months from the date of allotment. This structure is typical for convertible warrants because it spreads the cash inflow over the allotment and conversion timeline. It also means dilution, if any, is linked to conversion rather than the initial warrant issuance.

Who the allotment is aimed at: promoter and non-promoter buckets

The issuance is targeted at both promoter and non-promoter investors. The highlights specify that promoters are proposed to receive 6 lakh warrants, while non-promoters are proposed to receive 25,000 warrants. Another transaction description lists specific participants and quantities: Mayank A Jani (400,000), Dhirajkumar C Acharya (100,000), Naynaben D Acharya (100,000) and Sneh Satishkumar Shah (25,000). Taken together, these disclosures indicate the placement is designed with identified allottees rather than being a broad-based offer. Final allotment and pricing will remain subject to shareholder approval at the EGM.

How Nanta Tech plans to use the money

The company has outlined the intended utilisation of proceeds with a clear split between working capital and general corporate purposes. Approximately ₹18.05 crore, or 75% of the stated proceeds, is earmarked for working capital requirements. Another ₹5.97 crore, or 25%, is allocated for general corporate purposes. Issue-related expenses are stated at ₹5 lakh. The company expects the funds to be utilised within two years from receipt, which sets a disclosure benchmark against which investors can track deployment.

Authorised share capital increase and Articles amendment

The EGM will also consider increasing the authorised share capital from ₹5.5 crore to ₹7 crore, subject to statutory approvals. In share terms, the authorised equity share capital is described as rising from 55 lakh shares to 70 lakh shares. The board has also amended the Articles of Association to facilitate future issuances of securities through preferential offers or private placements. This is relevant because it reduces friction for future capital actions, subject to the required approvals. The combination of higher authorised capital and updated Articles supports the company’s ability to execute the current proposal and potentially similar actions later.

EGM logistics: VC/OAVM, remote e-voting, and scrutinizer

The EGM is scheduled for October 10, 2026 and will be conducted via VC/OAVM. Remote e-voting is slated to be available from October 7, 2026 to October 9, 2026. Mr. Nikunj Kanabar has been appointed as scrutinizer for the remote e-voting process. These steps are procedural but important because preferential issues require shareholder approval and a compliant voting trail. The company has also referenced SEBI-related compliance for the meeting format in the key highlights.

Stock snapshots and market context mentioned alongside the filing

The provided text includes multiple price snapshots that appear to be taken at different times around the announcements. One snapshot shows 351.45 with a fall of 18.45 (-4.99%). Another shows 372.00, down 5.30 (-1.40%). Separately, a market overview section lists the current price as 394 with a 5.00% move, along with a 52-week high of 651 and low of 234. Because these are presented as standalone ticks, they should be read as contextual market prints rather than a single continuous move.

What investors will track from here

The immediate next checkpoint is the shareholder vote at the October 10, 2026 EGM. Investors will also track the final EGM outcome disclosure, including the final allotment list, timelines for allotment, and eventual conversion disclosures within the 18-month period. Another operational detail to watch is how quickly the working capital allocation is deployed, since 75% of the proceeds are intended for that purpose. Separately, the authorised capital increase and Articles amendment signal an intent to keep the capital-raising toolkit open, but any future issuance would still depend on the applicable approvals and terms at that time.

Key facts table

Company profile details cited with the update

Nanta Tech Limited is described as having been incorporated in 2023 and operating in audio-visual (AV) integration, sale and distribution of AV products, service robots, and software development services. The company is described as primarily B2B, serving corporates, education, hospitality, and manufacturing clients. The market snapshot section in the provided text lists a market capitalisation of ₹202 crore and shows a stock P/E of 24.7, book value of 97.4, ROCE of 32.3%, ROE of 25.5%, and face value of ₹10. These metrics are presented as platform data alongside the filing-related update.

Conclusion

Nanta Tech’s October 10, 2026 EGM will decide on a ₹24.06 crore preferential issue of convertible warrants and an increase in authorised share capital to ₹7 crore. The company has stated that most proceeds are intended for working capital, with the balance for general corporate purposes and issue expenses. The next set of confirmed updates will come through EGM voting results, followed by allotment disclosures and subsequent conversion-related filings within the 18-month window.