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Pervasive Commodities Limited — Capital/Financing Update 2025
May 20, 2025
63537_rns_2025-05-20_020e3485-ddf0-4895-a333-3c9afc3b08a9.pdf
Capital/Financing Update
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PERVASIVE COMMODITIES LIMITED (Previously known as Starvox Electronics Limited) (CIN L51909GJ1986PLC008539)
REGD. OFFICE: Phone: +91 8347056404 C-806, Titanium City Canter,
Near Sachin Tower, 100 Ft Road, Website: www.pervasiveindia.com Satellite, Ahmedabad, Gujarat – 380015. Email : [email protected]
Date: May, 20[th] 2025
To,
The Corporate Relationship Department The Bombay Stock Exchange Limited, P. J. Towers, Dalal Street, Fort, Mumbai – 400 001
Dear Sir/Madam,
SUB.: Outcome of the Board Meeting held as on Today i.e., 20.05.2025 REF: PERVASIVE COMMODITIES LIMITED (Scrip Code: 517172)
With the Regulation 30 of SEBI (LODR) Regulation, 2015, we hereby submitting the Outcome of Board Meeting of the Company held on Monday, 5th May, 2025. The following Business were transacted during the Meeting:
- Conversion of 90,00,00,000 Convertible warrant to the Equal number of Equity Shares and allotted to the Warrant holders in the equal number of warrants held by them.
List of Allottees of the Equity Shares upon the Conversion of warrant are attached as “Annexure-A”.
Disclosure under Regulation 30 of SEBI Listing Regulations read with SEBI circular dated September 9, 2015, bearing reference no. CIR/CFD/CMD/4/2015 ("SEBI Circular'), are provided in “Annexure-B”.
*Face value and number of shares considered after stock split from Rs. 10 to Rs.1 as on 07.04.2025
The meeting started at 7:30 PM and concluded at 08:00 PM.
Kindly take the same on your records and acknowledge the receipt.
Thanking you.
Yours faithfully,
For, Pervasive Commodities Limited
FAGUN CHANDRA Digitally signed by FAGUN CHANDRAKANT SONI Date: 2025.05.20 20:07:20 +05'30' KANT SONI
……………………………… Fagun C. Soni Managing Director DIN: 10610730
PERVASIVE COMMODITIES LIMITED (Previously known as Starvox Electronics Limited) (CIN L51909GJ1986PLC008539)
REGD. OFFICE: Phone: +91 8347056404 C-806, Titanium City Canter, Near Sachin Tower, 100 Ft Road, Website: www.pervasiveindia.com Satellite, Ahmedabad, Gujarat – 380015. Email : [email protected]
This is in furtherance to the intimation given by the Company on 6th July, 2024 w.r.t. allotment of 90,00,00,000 (Ninety Crores) Convertible Warrants, each convertible into equity shares of face value of Rs. 1/- each, ("Warrants") at an issue price ("Warrant Issue Price") of Rs. 1/- each, after receipt of subscription amount being 25% of the issue price from the allottees on preferential basis as per the list forming part of the said intimation of outcome.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we wish to inform you that members of the Board of Directors of the Company in the Board Meeting held on 20[th] May, 2025, considered and approved the conversion of 90,00,00,000 (Ninety Crores) Convertible warrants into 90,00,00,000 (Ninety Crores) equity shares of face value of Rs. 1/- each, upon receipt of an amount aggregating to Rs. 90,00,00,000/- (Rupees Ninety Crores only) at the rate of Rs. 1/- (Rupees One Only) per warrant (being 75% of the issue price per warrant) from the allottees pursuant to the exercise of their rights of conversion into equity shares in accordance with the provisions of SEBI (ICDR) Regulations, 2018 and list of allottees is enclosed as “Annexure-A”.
The new equity shares so allotted, shall rank pari passu with the existing equity shares of the Company.
PERVASIVE COMMODITIES LIMITED (Previously known as Starvox Electronics Limited) (CIN L51909GJ1986PLC008539)
REGD. OFFICE: Phone: +91 8347056404 C-806, Titanium City Canter,
Near Sachin Tower, 100 Ft Road, Website: www.pervasiveindia.com Satellite, Ahmedabad, Gujarat – 380015. Email : [email protected]
Annexure A
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Sr. Name of Allottees No. of No. of No. of Amount No. of
No. Warrants warrants Equity received warrants
held(prior applied for Shares being 75% pending for
to Conversion Allotted of the issue Conversion
Conversion) price per
warrant
1. Mandar Exim Private 100000000 100000000 100000000 75000000 0
Limited
2. Jekon Exports Private 100000000 100000000 100000000 75000000 0
Limited
3. Jevik Agri Organic 100000000 100000000 100000000 75000000 0
Private Limited
4. Pastime Solutions 100000000 100000000 100000000 75000000 0
Private Limited
5. Patriotic Tradelink 100000000 100000000 100000000 75000000 0
Private Limited
6. Technoclare 100000000 100000000 100000000 75000000 0
Infoways Private
Limited
7. Nazai Technologies 100000000 100000000 100000000 75000000 0
Private Limited
8. Illimite Touch Private 100000000 100000000 100000000 75000000 0
Limited
9. Quickwell Pharmicus 100000000 100000000 100000000 75000000 0
Private
Limited
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PERVASIVE COMMODITIES LIMITED (Previously known as Starvox Electronics Limited) (CIN L51909GJ1986PLC008539)
REGD. OFFICE: Phone: +91 8347056404 C-806, Titanium City Canter, Near Sachin Tower, 100 Ft Road, Website: www.pervasiveindia.com Satellite, Ahmedabad, Gujarat – 380015. Email : [email protected]
Annexure B
The details as required to be disclosed under Regulation 30 of the LODR Regulations read with SEBI Circular dated September 09, 2015:
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Sr. Particulars Details
No.
1. Type of securities proposed to Convertible Warrants
be issued (viz. equity shares,
convertibles, etc.)
2. Type of issuance (further public Preferential Allotment
offering, rights issue, depository
receipts (ADR/GDR), qualified
institutions placements,
preferential allotment etc.)
3. Total number of securities 90,00,00,000
proposed to be issued or the (Ninety Crore)
total amount for which the
securities will be issued
(approximately)
4. In case of preferential issue, the listed entity shall disclose the following additional
details to the stock exchange(s):
a) Name of Proposed Allottees
1. Mandar Exim Private Limited
2. Jekon Exports Private Limited
3. Jevik Agri Organic Private Limited
4. Pastime Solutions Private Limited
5. Patriotic Tradelink Private Limited
6. Technoclare Infoways Private Limited
7. Nazai Technologies Private Limited
8. Illimite Touch Private Limited
9. Quickwell Pharmicus Private Limited
b) Post allotment of securities The warrants are proposed to be allotted to the
outcome of the subscription investors name above. Details of the shareholding in
the Company, prior to and after the preferential
issue, are as under:
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PERVASIVE COMMODITIES LIMITED (Previously known as Starvox Electronics Limited) (CIN L51909GJ1986PLC008539)
REGD. OFFICE: Phone: +91 8347056404 C-806, Titanium City Canter,
Near Sachin Tower, 100 Ft Road, Website: www.pervasiveindia.com Satellite, Ahmedabad, Gujarat – 380015. Email : [email protected]
| Pre-preferential issue | Post-allotment of warrants to the preferential issue |
||||
|---|---|---|---|---|---|
| Nil | 90,00,00,000 convertible warrants constituting 99.89% of the share capital(post issue basis) |
||||
| c) | Issue Price | INR 1/-(Indian Rupees One) per warrant* | |||
| d) | Number of Investor | 9(Nine) | |||
| e) | In case of convertible intimation on conversion of securities or on lapse of the tenure of the instrument |
Each Warrant will be convertible into, or exchangeable for, 1 (one) fully paid-up equity share of the Company of face value of Rs. 10/- each payable in cash, upto the full payment of warrant as per the issue price. which may be exercised in one or more tranches during the period commencing from the date of allotment of the Warrants until expiry of 18 (Eighteen)months |
* Face value and number of shares consider after stock split from Rs. 10 to Rs.1 as on 07.04.2025