EPIC ENERGY ALLOTS NEARLY ₹5 CRORE VIA CONVERTIBLE WARRANTS

EPIC ENERGY LIMITED has announced the approval to allot 3,800,000 Fully Convertible Warrants, securing a total subscription amount of ₹475.00 lakh (₹4.75 crore). This capital injection is intended to strengthen the company's financial base for future growth and operational requirements.

Board Approves Warrant Allotment

EPIC ENERGY LIMITED's Board of Directors met on March 24, 2026, to approve the allotment of 3,800,000 Fully Convertible Warrants.

The total subscription amount earmarked for these warrants stands at ₹475.00 lakh, equating to ₹4.75 crore.

Each warrant has an issue price of ₹50, with 25% (₹12.50) paid upfront. The balance consideration for conversion into equity shares (face value ₹10) is ₹37.50 per warrant.

This allotment follows prior shareholder approval on December 18, 2025, and in-principle nod from BSE on March 10, 2026.

Importance of the Capital Raise

This capital raise provides EPIC ENERGY LIMITED with additional funds, crucial for financing its ongoing projects and potential expansion plans. It shows investor confidence and a strategy to fund growth using equity rather than taking on more debt.

Company Background and Previous Approvals

EPIC ENERGY LIMITED operates in India's energy sector, focusing on power generation, transmission, and distribution. The current warrant issuance follows earlier stakeholder engagement, with shareholders having approved such a capital raise last year. The BSE granted its in-principle approval earlier this month, paving the way for this board decision and indicating regulatory readiness.

What This Means for the Company

• Shareholders may experience some equity dilution if the warrants are converted into shares.
• The company secures ₹4.75 crore, which can be strategically deployed.
• The period for paying the balance consideration presents a near-term financial deadline for the warrant holders.

Key Risks to Monitor

The conversion of warrants into shares depends on allottees paying the remaining subscription amount on time. If any allottee fails to pay, their warrants could lapse, and their initial investment would be forfeited.

Industry Context: Peer Funding Practices

EPIC ENERGY LIMITED operates in the capital-intensive energy sector alongside major players such as Adani Green Energy, Tata Power, and NTPC. These competitors also frequently raise funds through capital markets to finance growth projects, which is standard practice for industry expansion and operational upgrades.

What Investors Should Watch

• Watch for the deadline for warrant holders to pay the balance subscription amount.
• Look for announcements on when these warrants are converted into equity shares.
• Track how the company uses the funds and its impact on future project execution.