Chatha Foods Limited has made a disclosure under Regulation 30 of SEBI Listing Regulations regarding the completion of convertible warrant conversions.
The Board of Directors of the company, via a resolution passed by circulation on August 10, 2026, approved the allotment of 16,000 equity shares of face value ₹10 each (fully paid-up) to Mr. Iqbal Singh Chatha (Promoter Group) upon conversion of an equivalent number of convertible warrants.
The equity shares were allotted at an exercise price of ₹95.25 per share, which represents 75% of the original warrant issue price of ₹127 per warrant. The total consideration received for this conversion amounts to ₹15,24,000.
This conversion represents the final tranche of the 1,19,000 convertible warrants originally allotted on a preferential basis. With this allotment, all 1,19,000 warrants have now been fully converted into equity shares.
The disclosure references previous intimations dated February 14, 2025 (regarding the original preferential allotment of warrants) and June 22, 2026 (regarding prior conversions).
Shareholding Impact
- Mr. Iqbal Singh Chatha's pre-issue holding was 842,838 equity shares (3.48%)
- Post-allotment, his holding increased to 858,838 equity shares (3.55%)
- The conversion resulted in a 16,000 share increase in his holding
Allottee Details
- Name: Mr. Iqbal Singh Chatha (Promoter Group)
- Address: House No 273, Mota Singh Nagar, Jalandhar, Punjab-144001, India
- PAN: ADLPC3087D
- Number of warrants converted: 16,000
- Number of equity shares allotted: 16,000
- Consideration paid: ₹15,24,000
The document was signed by Priyanka Oberoi, Company Secretary and Compliance Officer, on August 10, 2026.