ON Door Concepts Limited – Preferential Issue Announcement

Date: 21 April 2026 | NSE Symbol: ONDOOR

Key Highlights

• Securities Issued: 4,000,000 total (2,000,000 equity shares + 2,000,000 convertible warrants)
• Total Funds Raised: ₹604,000,000
• Issue Price: ₹151 per share/warrant (includes ₹141 premium)
• Investors: 96 identified non‑promoter investors (24 for equity, 72 for warrants)
• Paid‑up Capital: ↑ from ₹56.49 M to ₹96.49 M; shares ↑ from 5.65 M to 9.65 M
• Record Date: 22 April 2026
• AGM/EGM: 15 May 2026
• Warrant Conversion: Within 18 months of allotment; tentative conversion date 1 December 2027 if warrants allotted on 30 May 2026.

Financial Implications

• Capital Strengthening: The ₹604 M infusion improves liquidity and can fund strategic initiatives such as product expansion, market entry, or debt repayment.
• Dilution Impact: Existing shareholders will experience a ~41% increase in share count, which may dilute earnings per share in the short term.
• Premium Pricing: The high issue price relative to face value signals market confidence and reduces immediate dilution impact.

Strategic Considerations

• Growth Funding: Management intends to use the proceeds for scaling operations; details are pending but the sizable raise suggests ambitious expansion plans.
• Convertible Warrants: Offer flexibility—if the share price appreciates, investors may convert, providing additional equity without immediate cash outflow. Conversely, conversion could further dilute shareholders.

Regulatory & Compliance

• Full compliance with SEBI Circular 9/2015 and prior intimation to the exchange was confirmed.
• Board approval obtained on the same day of the announcement; all statutory approvals are pending.

Risks & Opportunities

• Risks: Dilution, conversion uncertainty, reliance on successful deployment of raised funds, market volatility affecting warrant conversion.
• Opportunities: Strengthened balance sheet, potential for accelerated growth, premium pricing reflects investor appetite.

Outlook

The preferential issue positions ON Door Concepts for a growth trajectory while introducing manageable dilution risks. Investors should monitor the deployment of funds, the timing of warrant conversion, and subsequent earnings performance.

Prepared for investors on 21 April 2026.