Shankar Varadharajan & PACs Increase Fischer Medical stake to 63.08%

Fischer Medical Ventures Ltd has announced a significant change in its shareholding pattern. Mr. Shankar Varadharajan and Persons Acting in Concert (PACs), including FMV Holdings Pte Ltd and Mr. Ravindran Govindan, have increased their total shareholding to 63.08% of the total diluted share capital. This increase is primarily due to a preferential allotment upon conversion of warrants. The acquisition involved 1,33,35,909 shares, representing 1.91% of the total share capital. Following the acquisition, the total equity shares capital of the company has increased, and the total diluted share capital has also seen an upward revision. The transaction was executed via Preferential Allotment upon Conversion of warrants on August 14, 2026.