Arham Technologies Limited announced a significant fundraising move today, on Tuesday, 26th August 2025, as the Board of Directors approved a proposal to raise capital through the issuance of warrants convertible into equity shares. This preferential allotment aims to infuse up to Rs. 15.25 crore into the company by issuing 17,15,795 warrants at a price of Rs. 88.88 per warrant. The proceeds are targeted to strengthen the company’s financial position and support growth initiatives. The proposal awaits regulatory and shareholder approvals, with the Annual General Meeting (AGM) scheduled for 25th September 2025 to seek the shareholders’ green light.
Key Aspects of the Fundraising Plan
The Board’s decision includes issuing up to 17,15,795 warrants, each convertible into one equity share of Rs. 10 face value. This issuance is structured under preferential allotment guidelines in line with SEBI’s ICDR (Issue of Capital and Disclosure Requirements) Regulations, 2018, requiring specific regulatory and statutory approvals before execution.
The company highlights the “Relevant Date” for pricing and allotment purposes as 26th August 2025, the same day as the board meeting. This is a critical compliance benchmark under SEBI norms for preferential issues.
Eligible Investors and Pricing Structure
The warrant allotment is targeted at both promoter and public categories. Key recipients include known promoters Mr. Ankit Jain and Mr. Anekant Jain, and the public entity M/s. Bennett, Coleman and Company Limited. The price fixed per warrant is Rs. 88.88, signifying a premium issuance over the face value due to the company’s intrinsic valuation and growth prospects.
Conversion Timeline and Payment Terms
The warrants will be convertible into equity shares within 18 months from the date of allotment. Warrant holders can exercise their conversion rights in one or multiple tranches during this period, allowing flexibility.
At the time of application, warrant holders are required to pay 25% of the warrant price upfront. The remaining 75% becomes payable upon actual conversion of the warrants into equity shares — a staged payment approach that's intended to facilitate smooth capital inflow to the company.
Should the warrant holder fail to convert within the stipulated 18 months, the warrants will lapse, and the initial 25% payment will be forfeited as per the terms, which acts as a commitment safeguard for the company.
Annual General Meeting Details
To approve the proposed warrant issue and related matters, Arham Technologies will convene its AGM on Thursday, 25th September 2025. The meeting will be held at the company’s registered office located at Plot No. 15, Electronic Manufacturing Cluster, Sector 22, Village Tuta, Atal Nagar, Nava Raipur, Raipur, Chhattisgarh, India.
The AGM will also cover other statutory matters in line with regulatory mandates, while shareholders will receive formal notices detailing resolutions for approval.
Context and Compliance
This preferential allotment aligns with the company’s broader capital-raising strategy and complies strictly with SEBI's regulatory requirements under Chapter V of the ICDR regulations to ensure transparency and fairness to all shareholders.
Background: Arham Technologies Limited, formerly "Arham Technologies Private Limited," has been actively expanding its operations within the electronic manufacturing domain. The promoters including Mr. Roshan Jain, Mr. Ankit Jain, and Mr. Anekant Jain have been key drivers of the company’s growth trajectory since its inception.
The proposed issuance aims to strengthen its equity base while providing the company with resources to scale operational capabilities.
Summary of Important Points
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Board approved issuance of up to 17,15,795 warrants on a preferential basis, convertible to equal number of equity shares
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Pricing fixed at Rs. 88.88 per warrant, aggregating to Rs. 15.25 crore
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Warrants convertible within 18 months from allotment date with flexible tranche conversion
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25% payment at application, 75% at conversion; forfeiture if not converted within tenure
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Warrants allotted to Promoters and Public shareholders including Bennett Coleman and Company Ltd
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Approval subject to regulatory and shareholders’ consent at AGM scheduled for 25th September 2025
Registered office at Raipur to host the AGM
This warrant issuance is a strategic capital raise that could bolster Arham Technologies’ financial capacity and enhance shareholder value in line with its growth ambitions. Stakeholders will watch closely as regulatory and shareholder decisions set the stage for this significant expansion in the company’s equity capital structure.
Reported today, 26 August 2025, this development marks a key milestone in Arham Technologies Ltd’s journey on the capital markets front, highlighting its proactive approach to funding growth and reinforcing investor confidence.
Source: Company disclosure to the Stock Exchange
