Non exercise of option for conversion of Warrants

BESTAGRO has allotted 23,43,750 convertible warrants at an issue price of Rs. 60.01 per warrant, with an initial subscription amount of Rs. 37 received. The board of directors has approved the forfeiture of the amount received on these warrants as the holders did not exercise their conversion option within the stipulated 18 months. This information will also be made available on the company's website.

Shares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.

• Who the allottees are
• Issue price versus market price
• Lock-in period on the new shares
• we are confident to be able to show a good Q2. (management committed by Q2 FY26)