Gourmet Gateway India Limited, formerly known as Intellivate Capital Ventures Limited, has made a significant financial announcement regarding its shareholding structure. In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors, in their meeting held on March 12, 2025, approved the allotment of equity shares upon the conversion of warrants and the issuance of bonus shares.

As part of this strategic move, the company allotted 2,99,312 fully paid-up equity shares with a face value of Rs. 1 each to Yashna Family Trust, a promoter group entity, upon the part conversion of Convertible Warrants into Equity Shares at an issue price of Rs. 25 per share. This price includes a premium of Rs. 24 per share, ensuring that the company receives a total of Rs. 56,12,100 towards the balance 75% of the issue price from the warrant holders.

In addition to the conversion, the company also announced a bonus issue in the ratio of 2:1, a decision made during the board meeting held on December 29, 2023. This move was further approved by shareholders on January 27, 2024, followed by an In-principle approval from BSE Limited on February 2, 2024. The company reserved an amount of Rs. 1,49,37,420 for bonus equity shares to be allotted to the warrant holders post-conversion.

Upon exercising the warrants, Yashna Family Trust received an additional allotment of 5,98,624 bonus shares in the same 2:1 ratio. This substantial increase in equity holding directly enhances shareholder value, reinforcing the company's commitment to rewarding its investors. The latest allotments bring the company’s issued and paid-up capital to Rs. 14,11,95,483, consisting of 14,11,95,483 equity shares of Re. 1 each.

These newly allotted equity shares will rank pari passu with the existing shares and will be subject to lock-in requirements as prescribed under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. As per the regulatory framework, if a warrant holder does not convert the warrants into equity shares within 18 months from the date of allotment, the unexercised warrants will lapse, and the amount paid on such warrants will be forfeited.

This announcement marks a crucial milestone for Gourmet Gateway India Limited, reflecting its proactive approach in capital restructuring and investor engagement. By increasing its share capital and issuing bonus shares, the company aims to strengthen its financial stability and market credibility, further solidifying its position in the industry. Investors and stakeholders can expect continued corporate governance transparency and growth-oriented initiatives from the company in the upcoming quarters.

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