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ALMONDZ - Almondz Global

📊 NSE: ALMONDZ 🏢 Finance & Investments 📅 Last Updated: 12/13/2025 18:11

📢 Recent Corporate Announcements

Almondz Global Issues Corrigendum for Preferential Issue EGM; Clarifies Debt Repayment

🟡 NEUTRAL ⭐ 6/10

FUNDRAISE 📅 24 Apr 2026, 02:21 PM

Almondz Global Securities has issued a corrigendum to its EGM notice for May 11, 2026, following observations from NSE and BSE regarding a proposed preferential issue of convertible warrants. The update clarifies that the proceeds will be used to repay a 7% interest unsecured loan from its holding company, Avonmore Capital & Management Services. This loan was originally taken in March 2025 for subsidiary investments. The company also confirmed that the proposed allottee for the warrants is a member of the Promoter group.

Extraordinary General Meeting (EGM) scheduled for May 11, 2026, to approve preferential warrant issuance.
Funds will be utilized to repay an unsecured loan from holding company ACMS carrying a 7% interest rate.
The loan was taken in March 2025 with a 3-year tenure and is repayable on demand.
The company clarified that the proposed allottee for the preferential issue belongs to the Promoter group.
Remote e-voting for shareholders is scheduled from May 8 to May 10, 2026.

💡 Shareholders should review the clarified terms of the preferential issue and the promoter's participation before voting. The use of proceeds to repay holding company debt is a key point for assessing capital allocation.

Almondz Global Securities to Issue 1.63 Cr Shares to Promoter via Rs 25 Cr Loan Conversion

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 13 Apr 2026, 01:05 PM

Almondz Global Securities has scheduled an Extraordinary General Meeting (EGM) on May 11, 2026, to seek approval for a preferential issue to its promoter. The company intends to issue up to 1,63,18,538 equity shares to Avonmore Capital & Management Services Limited. This issuance, totaling Rs. 25 crore, will be achieved by converting an existing unsecured loan into equity at a price of Rs. 15.32 per share. This move is expected to strengthen the company's equity base and improve its debt-to-equity ratio.

Issuance of up to 1,63,18,538 equity shares to promoter Avonmore Capital & Management Services Limited
Total transaction value of Rs. 25 crore via conversion of existing unsecured loan
Issue price set at Rs. 15.32 per share (Face Value Rs. 1 + Premium Rs. 14.32)
Relevant date for pricing fixed as April 10, 2026
EGM to be held on May 11, 2026, via Video Conferencing

💡 Investors should view this as a positive development as it demonstrates promoter commitment and deleverages the balance sheet. Monitor the final approval and the impact on earnings per share (EPS) due to equity dilution.

Almondz Global Confirms Non-Large Corporate Status with ₹0.76 Cr Long-Term Borrowings

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 10 Apr 2026, 04:23 PM

Almondz Global Securities Limited has officially declared that it does not fall under the 'Large Corporate' category as defined by SEBI for the financial year ending March 31, 2026. The company reported total outstanding long-term borrowings of just ₹0.76 crore, which is far below the ₹1,000 crore threshold required for such classification. Consequently, the mandatory requirement to raise incremental borrowings through debt securities is not applicable to the company. The company also confirmed its current credit rating remains 'CARE BBB-; Stable'.

Total outstanding long-term borrowings stood at ₹0.76 crore as of March 31, 2026
Company does not meet the ₹1,000 crore threshold for 'Large Corporate' classification under SEBI circulars
Maintains a credit rating of 'CARE BBB-; Stable' from CARE Ratings Ltd
Filing is a routine regulatory compliance requirement regarding debt security issuance frameworks

💡 No action is required as this is a routine regulatory disclosure that does not impact the company's operations or financial health. Investors should focus on the company's core brokerage and financial services performance.

Almondz to Issue 1.63 Cr Shares to Promoter via Loan Conversion Worth Rs 25 Crore

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 10 Apr 2026, 01:42 PM

Almondz Global Securities has approved the issuance of up to 1,63,18,538 equity shares to its promoter, Avonmore Capital & Management Services Limited. The issuance is priced at Rs 15.32 per share, aggregating to a total value of Rs 25 crore. This capital action will be executed by converting an existing unsecured loan from the promoter into equity, thereby strengthening the company's balance sheet. Consequently, the promoter's stake is expected to increase from 50.34% to 52.40% post-allotment.

Issuance of 1,63,18,538 equity shares at a price of Rs 15.32 per share (Face Value Rs 1).
Conversion of Rs 25 crore existing unsecured loan into equity to reduce debt.
Promoter stake (Avonmore Capital) to increase from 50.34% to 52.40% post-issue.
Extra-Ordinary General Meeting (EGM) scheduled for May 11, 2026, for shareholder approval.
Issue price of Rs 15.32 is based on SEBI ICDR floor price regulations.

💡 Investors should view this as a positive development as it reduces debt and indicates strong promoter commitment. Monitor the EGM results and the subsequent impact on the company's debt-to-equity ratio.

Almondz Global Securities Revises Shareholding Pattern Following NSE Observations

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 08 Apr 2026, 05:48 PM

Almondz Global Securities has issued a revised shareholding pattern after the NSE flagged discrepancies in disclosures related to a proposed preferential issue. The company clarified that 15,078,408 shares previously included in the pre-issue pattern were removed as the allotment was withdrawn. Following the conversion of warrants, the promoter holding is expected to dilute from 51.18% to 48.93%. The total equity base post-conversion is projected to reach 181,646,754 shares.

Removal of 15,078,408 shares from pre-issue shareholding calculations due to withdrawn allotment
Promoter group holding to dilute from 51.18% to 48.93% upon full warrant conversion
Total post-issue equity shares estimated at 181,646,754
New investor Nandakumar Padma to hold 4.41% stake post-conversion
Clarification does not impact the validity of resolutions passed at the March 27, 2026 EGM

💡 Investors should monitor the dilution levels and the entry of new significant shareholders. No immediate action is required as this is a technical regulatory correction.

Almondz Global Sells 20.63% Stake in Subsidiary AGICL for ₹18.57 Crore

🟡 NEUTRAL ⭐ 7/10

M&A 📅 31 Mar 2026, 12:15 PM

Almondz Global Securities Limited has sold a 20.63% stake in its subsidiary, Almondz Global Infra-Consultant Limited (AGICL), to its sister concern, Almondz Finanz Limited. The transaction, valued at ₹18.57 crore, was completed on March 30, 2026, on an arm's length basis. Following this sale, the company's stake in AGICL has reduced from 79.15% to 58.52%, though AGICL remains a subsidiary. This is a significant transaction as AGICL contributed 76% of the parent company's total income in FY25.

Sold 32,85,000 shares representing 20.63% of AGICL's total share capital
Total cash consideration received for the transaction is ₹18,57,01,050
Post-transaction holding in AGICL stands at 58.52%, maintaining subsidiary status
AGICL is a major revenue driver, contributing ₹11,486.96 Lacs (76% of total income) in FY25
The buyer, Almondz Finanz Limited, is a group company and sister concern

💡 Investors should view this as an internal group restructuring that unlocks liquidity for the parent company. Monitor the utilization of the ₹18.57 crore proceeds and any further changes in the ownership structure of the high-revenue infrastructure subsidiary.

Almondz Global Sells 20.63% Stake in AGICL Subsidiary for ₹18.57 Crore

🟡 NEUTRAL ⭐ 7/10

M&A 📅 31 Mar 2026, 11:17 AM

Almondz Global Securities has sold a 20.63% stake in its subsidiary, Almondz Global Infra-Consultant Limited (AGICL), to its sister concern Almondz Finanz Limited. The transaction, valued at ₹18.57 crore, reduces the company's holding in AGICL from approximately 73.71% to 53.08%. Despite the stake reduction, AGICL remains a subsidiary of the company. This is a significant move as AGICL contributed 76% of the group's total income in the 2024-25 financial year.

Sold 32,85,000 shares of AGICL representing a 20.63% stake
Total consideration received for the sale amounts to ₹18,57,01,050
AGICL remains a subsidiary with the parent company retaining a 53.08% stake
AGICL is a major revenue driver, contributing 76% of total income (₹114.87 crore) in FY25
Transaction was conducted as a related party deal at arm's length with a group company

💡 Investors should view this as an internal group restructuring that provides liquidity to the parent company while maintaining control over its primary revenue-generating subsidiary. Monitor the utilization of the ₹18.57 crore proceeds for future growth or debt reduction.

Almondz Global Shareholders Approve 80 Lakh Convertible Warrants Issue at Rs 16.58

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 27 Mar 2026, 05:29 PM

Almondz Global Securities Limited has received shareholder approval for the issuance of up to 80,00,000 fully convertible warrants on a preferential basis. The warrants are priced at Rs 16.58 each, representing a total potential fundraise of approximately Rs 13.26 crore. The resolution was passed with a near-unanimous majority of 99.99% votes in favor during the EGM held on March 27, 2026. This capital infusion is intended to support the company's growth and financial structure.

Approved issuance of 80,00,000 fully convertible warrants at Rs 16.58 each
Total potential capital raise of approximately Rs 13.26 crore upon conversion
Resolution passed as a Special Resolution with 99.9999% majority
Warrants to be converted into equity shares of face value Rs 1 each

💡 Investors should monitor the timeline for warrant conversion and the specific purpose for which the raised capital will be deployed. The high approval rate suggests strong promoter and minority shareholder alignment regarding the company's growth plans.

Almondz Global to Raise ₹13.26 Cr via Warrants; Updates EGM Notice with Pricing Details

🟡 NEUTRAL ⭐ 7/10

FUNDRAISE 📅 23 Mar 2026, 04:24 PM

Almondz Global Securities is seeking shareholder approval to raise approximately ₹13.26 crores through a preferential issue of convertible warrants. The company issued a corrigendum to its EGM notice to clarify that ₹11.50 crores will be allocated to working capital and ₹1.76 crores to general corporate purposes. The minimum issue price has been established at ₹16.58 per share, based on the 90-day Volume Weighted Average Price (VWAP), which is higher than the 10-day VWAP and the independent valuation. The EGM is scheduled for March 27, 2026, to finalize these terms.

Total fundraise of approximately ₹13.26 crores via preferential issue of convertible warrants.
₹11.50 crores earmarked for working capital requirements to be utilized within 12 months of fund receipt.
Minimum issue price fixed at ₹16.58 per share, determined by the 90-day VWAP as per SEBI ICDR regulations.
General corporate purpose expenditure limited to ₹1.764 crores, staying within the 20% regulatory cap.
Corrigendum issued following NSE observations to provide granular details on fund utilization and valuation.

💡 Investors should monitor the potential equity dilution resulting from warrant conversion and assess if the ₹11.50 crore working capital infusion will significantly improve operational liquidity. The floor price of ₹16.58 serves as a key valuation benchmark for the stock.

Almondz Global Securities to Close Trading Window from April 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 23 Mar 2026, 11:12 AM

Almondz Global Securities Limited has announced the closure of its trading window starting April 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is ahead of the declaration of the audited financial results for the quarter and financial year ending March 31, 2026. The window will remain closed for all designated persons and their immediate relatives. The restriction will be lifted 48 hours after the financial results are officially declared to the exchanges.

Trading window closure begins on April 1, 2026, for all designated persons.
Closure is related to the Audited Financial Results for the Quarter and Year ended March 31, 2026.
The window will reopen 48 hours after the results are declared.
The specific date for the Board Meeting to approve results will be announced later.

💡 This is a routine regulatory announcement with no direct impact on the company's fundamentals. Investors should focus on the upcoming financial results once the board meeting date is announced.

Almondz Global Issues Corrigendum for Preferential Warrants; Sets Floor Price at ₹16.57

🟡 NEUTRAL ⭐ 6/10

FUNDRAISE 📅 13 Mar 2026, 03:42 PM

Almondz Global Securities has issued a corrigendum to its EGM notice following observations from the NSE regarding its proposed preferential issue of convertible warrants. The company clarified that the proceeds will be used for proprietary trading activities, where it typically maintains a portfolio of ₹50-80 crore, and for general working capital. The relevant date for pricing is set as February 25, 2026, with a floor price determined at ₹16.57 per share based on the 90-day VWAP. The issue is relatively small, representing less than 5% of the post-issue diluted capital, and involves a non-promoter allottee.

Floor price for the preferential issue of warrants is set at ₹16.57 per share based on 90-day VWAP.
Proceeds to be utilized within 12 months for proprietary trading and working capital requirements.
Proprietary trading segment typically manages a portfolio between ₹50 crore and ₹80 crore.
The issue size is less than 5% of the post-issue fully diluted share capital, involving non-promoter Nandakumar Padma.
NSE directed the company to provide a revised valuation report and additional disclosures via this corrigendum.

💡 Investors should note the floor price of ₹16.57 and the specific use of funds for proprietary trading, which carries inherent market risk. Monitor the EGM outcome on March 27, 2026, for final approval of the issuance.

Almondz Global to Raise ₹13.26 Crore via Preferential Issue of 80 Lakh Warrants

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 28 Feb 2026, 12:45 PM

Almondz Global Securities Limited has called an Extraordinary General Meeting (EOGM) on March 27, 2026, to approve a preferential issue of 80,00,000 fully convertible warrants. The warrants are priced at ₹16.58 each, aiming to raise a total of ₹13,26,40,000. The entire allotment is proposed for a single non-promoter investor, Nandakumar Padma. This capital infusion will involve an upfront payment of 25% of the issue price, with the remaining 75% payable upon conversion into equity within 18 months.

Issuance of 80,00,000 fully convertible warrants at a price of ₹16.58 per warrant
Total fundraise size of approximately ₹13.26 crore through preferential allotment
Proposed allottee is Nandakumar Padma, classified under the Non-Promoter category
Upfront payment of ₹3.316 crore (25%) required at the time of warrant subscription
Warrants are convertible into equity shares of ₹1 face value within a period of 18 months

💡 Investors should note the potential equity dilution resulting from the conversion of 80 lakh warrants and monitor the company's plans for utilizing the ₹13.26 crore capital.

Almondz Global Securities to Raise ₹38.26 Cr via Loan Conversion and Warrant Issue

🟢 POSITIVE ⭐ 8/10

FUNDRAISE 📅 25 Feb 2026, 02:04 PM

Almondz Global Securities has approved a total capital infusion of approximately ₹38.26 crore through two primary routes. First, it will convert an existing unsecured loan of ₹25 crore from its promoter, Avonmore Capital, into 1.51 crore equity shares at ₹16.58 each, increasing the promoter's stake to 54.30%. Second, the company will issue 80 lakh convertible warrants to a non-promoter investor at the same price, potentially raising an additional ₹13.26 crore. These moves aim to strengthen the balance sheet by reducing debt and providing fresh growth capital.

Approved conversion of ₹25 crore unsecured loan into 1.51 crore equity shares for the promoter group.
Promoter (Avonmore Capital) stake to increase from 50.34% to 54.30% following the loan conversion.
Issuance of 80 lakh convertible warrants to a non-promoter at ₹16.58 per warrant to raise ₹13.26 crore.
Warrants require 25% upfront payment with the remaining 75% payable within 18 months of allotment.
Total potential equity dilution involves approximately 2.31 crore new shares at a floor price of ₹16.58.

💡 Investors should view the promoter's decision to convert debt into equity as a strong sign of commitment and confidence in the company's future. Monitor the successful conversion of warrants and the utilization of fresh capital for growth-oriented projects.

Almondz Global Q3 Net Profit Surges 400% YoY to ₹12.75 Cr; Revenue Up 56%

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 13 Feb 2026, 05:06 PM

Almondz Global Securities reported a robust consolidated performance for Q3 FY 2025-26, with revenue reaching ₹52.29 crore, a 54% increase from the previous quarter. Net profit saw a massive jump to ₹12.75 crore compared to ₹3.86 crore in Q2 FY26 and ₹2.55 crore in Q3 FY25, driven by milestone advisory fees and improved margins in the green fuel segment. The Infrastructure Advisory vertical secured orders worth ₹187 crore in the first nine months, while the Green Fuel JV (PGIPL) reported a significant profit turnaround to ₹13.95 crore. The company expects the Odisha Green Fuel plant to commence commercial production by late March 2026 following upcoming OMC tenders.

Consolidated Q3 PAT surged to ₹12.75 Cr from ₹2.55 Cr YoY, representing a nearly 5x increase.
Financial Services segment profit grew to ₹7.41 Cr, aided by a milestone advisory mandate during the quarter.
Infrastructure Advisory order book reached ₹187 Cr for 9M FY26, with management guiding for 20% growth.
Green Fuel JV (PGIPL) revenue hit ₹206.12 Cr with a profit of ₹13.95 Cr in Q3, up from ₹1.18 Cr YoY.
Odisha plant is fully commissioned and ready for production, awaiting OMC tender expected in late February 2026.

💡 Investors should monitor the successful execution of the OMC tender for the Odisha plant as a key growth catalyst for the Green Fuel segment. Additionally, keep a watch on the regulatory progress of the Composite Scheme of Arrangement which is currently under legal review by the exchanges.

Almondz Global Q3 Profit Jumps 400% YoY to ₹12.90 Cr; Green Fuel Segment Drives Growth

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 12 Feb 2026, 11:07 AM

Almondz Global Securities reported a strong Q3 FY26 performance with consolidated net profit rising to ₹12.90 crore from ₹2.55 crore in the previous year. While the financial services arm faced a ₹2.69 crore loss due to mark-to-market equity hits, the Green Fuel JV and Infrastructure Advisory segments showed robust growth. The Green Fuel JV (PGIPL) saw profits surge to ₹13.95 crore, and its Odisha plant is expected to start production by March 2026. Additionally, the company's Infrastructure order book stands strong at ₹187 crore for the nine-month period.

Consolidated net profit surged to ₹12.90 crore in Q3 FY26 compared to ₹2.55 crore in Q3 FY25.
Green Fuel JV (PGIPL) revenue reached ₹206.12 crore with a profit of ₹13.95 crore, up from ₹1.18 crore YoY.
Infrastructure Advisory segment revenue grew to ₹31.51 crore with a total 9M order book of ₹187 crore.
Financial services segment reported a loss of ₹2.69 crore, primarily due to an ₹82.71 crore MTM loss on equity holdings.
Odisha Green Fuel plant is ready for commissioning with commercial production expected by March 2026.

💡 Investors should track the upcoming OMC tender in late February 2026, which is critical for the commencement of the Odisha plant. The diversification into green fuels is significantly boosting the bottom line, providing a hedge against volatile financial service earnings.

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💰 Financial Performance

Revenue Growth by Segment

Consultancy and Advisory fees grew to INR 127.21 Cr (85.05% of total revenue), Wealth Advisory/Broking activities contributed INR 20.29 Cr (13.57%), and Debt/Equity market operations provided INR 1.53 Cr (1.02%). Q2 FY26 consolidated revenue was INR 34.00 Cr, a 6.25% increase from INR 32.00 Cr in Q1 FY26.

Geographic Revenue Split

The company primarily operates in India, with a strategic focus on expanding into Northeast India for infrastructure advisory and renewable energy projects. Specific regional percentage splits are not disclosed.

Profitability Margins

Net Profit Margin significantly moderated to 6.34% in FY25 from 56.65% in FY24, an 88.8% YoY decline. Return on Net Worth also dropped to 1.33% from 13.07% YoY. Q2 FY26 profit was INR 3.86 Cr, down 44.3% from INR 6.93 Cr in Q1 FY26.

EBITDA Margin

Consolidated Profit Before Tax (PBT) was INR 20.27 Cr on a total income of INR 151.37 Cr, representing a PBT margin of 13.39%. Standalone PBT was INR 2.97 Cr.

Capital Expenditure

Historical and planned capital expenditure figures in INR Cr are not disclosed in the available documents.

Credit Rating & Borrowing

CARE Ratings assigned a 'Stable' outlook, noting a moderate financial risk profile. Debt-Equity Ratio increased to 0.13 in FY25 from 0.02 in FY24, indicating a 550% increase in leverage to support subsidiary operations.

⚙️ Operational Drivers

Raw Materials

Primary inputs for the Green Fuel/Distillery segment (via PGIPL JV) include agricultural feedstocks such as grains and molasses for ethanol production. These represent the core cost for the distillery division.

Import Sources

Not disclosed in available documents; however, sourcing is typically domestic within India for distillery operations.

Capacity Expansion

The company is ramping up operations in subsidiary companies and expanding into new sectors like renewable/green energy advisory and social infrastructure. Specific unit capacities (MT/MW) are not disclosed.

Raw Material Costs

Not disclosed as a specific percentage of revenue, but profitability and cash generation are heavily derived from the green fuel business through Premier Green Innovations Private Limited (PGIPL).

Manufacturing Efficiency

Not disclosed; the company operates primarily in advisory and consultancy services rather than traditional manufacturing.

📈 Strategic Growth

Growth Strategy

Growth is targeted through geographic expansion into Northeast India and sectoral diversification into social infrastructure, renewable/green energy advisory, and smart mobility. The company is also utilizing a 'Scheme of Arrangement' to restructure for sustainable corporate growth.

Products & Services

Infrastructure consultancy reports, ethanol/green fuel (via JV), stock broking services, wealth management advisory, merchant banking, and healthcare advisory services.

Brand Portfolio

Almondz, Almondz Global Securities, Almondz Global Infra, Almondz Finanz, Skiffle Advisory Services (formerly Skiffle Healthcare).

New Products/Services

Expansion into renewable/green energy advisory and smart mobility services is expected to contribute to future revenue growth.

Market Expansion

Targeting Northeast India and difficult geographies for public sector infrastructure projects.

Strategic Alliances

Key joint ventures include Premier Green Innovations Private Limited (PGI) for ethanol and the AGICL & AGSL WASH JV for infrastructure projects.

🌍 External Factors

Industry Trends

The industry is shifting toward green energy (ethanol blending) and urban renewal (smart mobility). Almondz is positioning itself as a major player in the ethanol space through its PGI joint venture.

Competitive Landscape

Competes with other financial services firms and infrastructure consultancies; specific competitor names are not listed.

Competitive Moat

Durable advantages include a 20-year track record, established government relationships, and an integrated service model (merchant banking, PMS, and research) that provides a comprehensive client value proposition.

Macro Economic Sensitivity

Highly sensitive to government infrastructure spending and macroeconomic growth which drives capital market maturation.

Consumer Behavior

Increasing demand for green fuel and professional wealth management services is driving segment growth.

Geopolitical Risks

Operations in difficult geographies (Northeast India) expose the company to local regulatory and environmental risks.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by SEBI’s Investment Adviser Regulations and Research Analyst norms, as well as Companies Act 2013 provisions for consolidated financial reporting.

Environmental Compliance

The company is heavily involved in green fuel (ethanol), aligning with national environmental goals for carbon reduction.

Taxation Policy Impact

The group reported a tax expense of INR 1.70 Cr for its associate PGIPL on a PBT of INR 23.70 Cr (approx. 7.2% effective rate). Standalone tax expense was negligible at INR 0.05 lakhs.

Legal Contingencies

Not disclosed in available documents; however, the company maintains a strong compliance culture to mitigate legal risks.

⚠️ Risk Analysis

Key Uncertainties

High dependence on the infrastructure consultancy segment (85% of revenue) and the green fuel business (primary profit generator) creates concentration risk.