Praveg Ltd — Important, 17-11-2025: Company Update

The company announced that 856,976 warrants, held by Ms. Rekha Rajesh Patel and Ms. Vibhuti Jayesh Patel, were not converted into equity shares within the stipulated 18-month period. Consequently, the initial subscription amount paid for these warrants has been forfeited by the company, and the warrants stand cancelled. This development means those potential new equity shares will not be issued, which prevents future share dilution for existing shareholders. The company also retains the upfront capital associated with these unexercised warrants.