Integrity Infrabuild Developers Limited (NSE: INTEGRITY) – Board Approval of Warrant Conversion & Equity Allotment

Date of announcement: 17 August 2026

---

Introduction

Integrity Infrabuild Developers Limited (formerly known as M/S Integrity Infrabuild – Partnership Firm) informed the NSE Listing Department that its Board of Directors, in a meeting held on Monday, 17 August 2026, approved the conversion of outstanding warrants into equity shares and the related preferential allotment.

---

Key Highlights

• Conversion approved: 2,60,000 warrants → 2,60,000 equity shares.
• Issue price: Rs 108 per share (includes a premium of Rs 98).
• Balance amount received: Rs 2,10,60,000 (75 % of the issue price per warrant).
• Paid‑up equity capital: increased from Rs 4,40,00,000 (44,00,000 shares) to Rs 4,66,00,000 (46,60,000 shares).
• Warrants outstanding: 8,10,000 warrants remain convertible within 18 months of the original warrant allotment.
• Allottees:
  1. Venkateshwara Industrial Promotion Co. Ltd – 90,000 shares (Rs 72,90,000 received).
  2. Shrey Global Consultants LLP – 1,70,000 shares (Rs 1,37,70,000 received).
• Prior subscription: 25 % of the warrant issue price (Rs 27 per warrant) amounting to Rs 70,20,000 had already been received on 3 February 2026.

---

Details of the Allotment

Item	Detail
Type of security	Equity shares issued on conversion of warrants
Mode of issue	Preferential allotment to Non‑Promoter/Public category
Number of warrants converted	2,60,000
Number of equity shares allotted	2,60,000
Issue price per share	Rs 108 (face value Rs 10)
Premium per share	Rs 98
Amount received (75 % balance)	Rs 2,10,60,000
Total subscription money received (including 25 % earlier)	Rs 2,80,80,000
Allotment date	17 August 2026 (Board approval)
Conversion window	Within 18 months from the warrant allotment date (warrants issued on 3 Feb 2026)

The newly allotted shares rank pari‑passu with existing equity shares.

---

Regulatory & Compliance Notes

• Regulation 30 of SEBI (LODR) 2015 and SEBI Master Circular No. SEBI/HO/49/14/14(7)2025‑CFD‑POD2/I/3762/2026 were complied with.
• The conversion follows SEBI (ICDR) Regulations, 2018.
• The company has obtained in‑principle approval from NSE India Limited (Letter No: NSE/LIST/52118 dated 19 January 2026).
• All required disclosures are provided in Annexure‑A (list of allottees) and Annexure‑B (details of the warrant conversion).

---

Impact on Capital Structure

• Pre‑conversion paid‑up capital: Rs 4,40,00,000 (44,00,000 shares).
• Post‑conversion paid‑up capital: Rs 4,66,00,000 (46,60,000 shares).
• Equity dilution: Approximately 5.56 % increase in the number of equity shares outstanding.
• Remaining convertible warrants: 8,10,000, representing potential future equity dilution if exercised within the stipulated 18‑month period.

---

Conclusion

The Board’s approval of the warrant conversion and the preferential allotment of 2,60,000 equity shares strengthens Integrity Infrabuild Developers Limited’s capital base, bringing the paid‑up equity capital to Rs 4.66 crore. The transaction complies with all applicable SEBI regulations and has received the necessary NSE in‑principle approval. Investors should note the residual 8.1 lakh warrants that may be exercised before the expiry of the 18‑month conversion window, which could further affect shareholding patterns.