Maxvolt Energy Industries Limited, a leading energy sector company headquartered in Ghaziabad, Uttar Pradesh, has announced the allotment of 9,61,822 Convertible Equity Warrants to promoter and non-promoter investors under a preferential issue, following the approval of its Board of Directors on 27th February 2026 and the prior approval of shareholders at the Extra-Ordinary General Meeting (EOGM) held on 8th January 2026. The move also follows the in-principle approval granted by the National Stock Exchange of India (NSE) on 16th February 2026, confirming regulatory compliance for the issuance.

The allotment has been made on a preferential basis in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and Companies Act, 2013. The warrants carry a face value of ₹10 per warrant and have been issued at a price of ₹440 per warrant, which includes a premium of ₹430 per warrant. These warrants are convertible into an equivalent number of fully paid-up equity shares, with the conversion exercisable in one or more tranches within 18 months from the date of allotment.

During the offer period, Maxvolt Energy Industries Limited received ₹10,58,00,420 from the allottees, which represents 25% of the total issue price. This amount was deposited into a separate bank account specifically opened for the preferential issue, as required under regulatory guidelines. The remaining 75% of the issue price will be payable by warrant holders upon conversion, ensuring full compliance with SEBI ICDR norms.

The allotment details are as follows:

The allotment of warrants will enable investors to subscribe to one equity share per warrant, thereby potentially increasing the company’s equity capital when the warrants are converted. The preferential issue has been structured in line with SEBI ICDR regulations, including pricing and procedural requirements, ensuring transparency and compliance with corporate governance norms.

The Board of Directors noted that the issuance of convertible equity warrants would provide the company with flexible capital-raising options and strengthen its financial position. By allotting warrants to both promoter group and non-promoter investors, Maxvolt Energy aims to balance strategic promoter participation with broad-based investor inclusion, enhancing the company's shareholder base and ensuring sustained investor confidence.

The issuance also reflects Maxvolt Energy Industries Limited’s commitment to strategic growth and capital planning. Funds raised through this preferential allotment will support the company's operational expansion, new project development, and long-term financial objectives, further reinforcing its position in the competitive energy sector.

The Board meeting, which commenced at 12:30 PM IST and concluded at 2:30 PM IST, formally approved the allotment following the receipt of the subscription money, ensuring timely compliance with all regulatory requirements. The company also confirmed that there are no cancellations or terminations associated with this allotment, and all procedures were completed as per the Companies Act and SEBI regulations.

The preferential issue and subsequent allotment of warrants are expected to positively impact Maxvolt Energy’s financial flexibility and growth trajectory. The company now holds the ability to convert these warrants into fully paid-up equity shares over the 18-month conversion window, providing both promoters and non-promoters the opportunity to strengthen their stake in the company.

In conclusion, Maxvolt Energy Industries Limited’s allotment of 9,61,822 convertible equity warrants at ₹440 each represents a key strategic financial decision. By ensuring compliance with SEBI (LODR) regulations, maintaining transparency, and adhering to governance norms, the company has not only raised substantial capital but also set a framework for future equity participation and growth.

This issuance further reinforces Maxvolt Energy’s position as a compliant, transparent, and forward-looking company in the energy sector, dedicated to enhancing shareholder value and supporting long-term business objectives.

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