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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Mehai Technology Ltd

Mehai Technology: Rs. 10.38 Crores Forfeited as Warrants Lapse

FUNDRAISE ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 27 Oct 2026, 07:13 PM IST  ·  BSE ID: fde6f0b7-619a-4f1d-a21f-71405881e673
View Original BSE Filing (PDF)
💡
In Simple Terms
Mehai Technology kept Rs. 10.38 Crores because some investors didn't complete their payment for warrants.
🤖 AI Summary
  • Mehai Technology forfeited Rs. 10.38 Crores from 11,86,00,000 lapsed warrants.
  • Warrants lapsed on April 30, 2026, for non-payment of balance 75% consideration.
  • Upfront 25% subscription amount totaling Rs. 10,37,75,000 has been forfeited.
  • No change in paid-up share capital; no new equity dilution from these warrants.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of warrants lapsed
11,86,00,000
Issue price per warrant
Rs. 3.50/-
Upfront subscription amount per warrant (25%)
Re. 0.875/-
Total upfront subscription amount received
Rs. 10,37,75,000/-
Total amount forfeited
Rs. 10,37,75,000/-
Original total number of warrants allotted
28,00,00,000
Date of allotment
31-10-2026
Exercise period expiry date
April 30, 2026
🏢 How This Affects the Company
💰
Financial Impact
The company retains Rs. 10,37,75,000 as forfeited funds, impacting its cash balance. This event does not alter the existing paid-up share capital.
⚠️
Risk Impact
This event flags potential challenges in capital raising via warrants if investors default on payment obligations.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this warrant lapse and forfeiture.
👤
Who Is Affected
Warrant holders who did not pay the balance 75% consideration are affected by the forfeiture of their upfront payment.
🔍
Management Signal
The forfeiture signals management's adherence to SEBI ICDR Regulations concerning lapsed warrants and non-compliance by holders.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Quarterly results for any impact on cash flow from forfeitures.
Future preferential issue disclosures for investor payment behavior.
Management commentary on capital raising strategies and execution.
MEDIUM RISK Significant number of warrants lapsed, indicating potential capital raising challenges and investor commitment issues.
💡 Investor Takeaway
Mehai Technology forfeited Rs. 10.38 Crores from 11,86,00,000 warrants due to non-payment of balance consideration by the April 30, 2026 deadline.
⚖️ Strengths & Concerns

⚠️ Concerns

  • 11,86,00,000 convertible warrants lapsed due to non-payment of balance consideration.
  • Rs. 10,37,75,000 of upfront subscription money forfeited as per SEBI regulations.
📅 Company Track Record
In April 2026, Mehai Technology had previously completed warrant-to-equity conversion. This filing pertains to a separate set of warrants that did not convert.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What happened to Mehai Technology's convertible warrants?
11,86,00,000 convertible warrants lapsed on April 30, 2026, as the balance 75% payment was not received.
How much money was forfeited by Mehai Technology?
Mehai Technology forfeited Rs. 10,37,75,000 (Rs. 10.38 Crores) of the upfront subscription amount from these lapsed warrants.
Did Mehai Technology receive the full issue price for these warrants?
No, the balance 75% of the Rs. 3.50/- issue price per warrant was not paid, leading to the lapse.
Will this forfeiture change Mehai Technology's share capital?
No, there will be no change in the paid-up share capital of the company due to this warrant lapse and forfeiture.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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