Naapbooks informs about outcome of board meeting

Naapbooks has informed that the meeting of board of directors held today has superseded the decision taken in board meeting held on yesterday, Tuesday, June 09, 2026 about allotment of 3,73,314 no. of equity shares to the warrant holders. In view of the non-exercise of the conversion option by the persons listed in Annexure-1 in respect of 14,84,515 warrants within 18 months from the date of allotment, on or before June 09, 2026, the Board of Directors, at its meeting held today, approved the forfeiture of the initial 25% of the amount received on the said warrants pursuant to Regulation 169(3) of Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. This is in compliance under the applicable regulations under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Moreover, On Pro-rata basis the Board has decided to make an allotment of 2185 equity shares have been made on conversion of 2185 warrants on pro-rata basis against receipt of receipt of 75% amount, (75% being Rs. 45.75 of issue price Rs. 61 of which 25% i.e. 15.25 upfront amount received at the time of allotment of warrant) Rs 1,00,000 amount from total 1 (one) allottees belongs to Public of which Rs. 99,964 adjusted against 75% amount.

The above information is a part of company’s filings submitted to BSE.