Ajcon Global Services Ltd — Important, 21-07-2026: Company Update

Ajcon Global Services announced that 1,000,000 convertible warrants, previously issued on a preferential basis at ₹66 each, have lapsed. The warrant holders failed to pay the remaining 75% of the issue price by the stipulated deadline. Consequently, the company has forfeited the 25% upfront subscription amount, totaling ₹1.65 Cr. This means the warrant holders lose all rights to convert these into equity shares, and the company has no further obligation to allot shares. The lapse results in no change to the company's paid-up share capital, and the forfeited funds are retained. This matter will be addressed at a forthcoming board meeting.