Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable
Nature of Filing / Announcement: Outcome of Board Meeting - Conversion of warrants into equity shares
Audit Opinion:
Not Specified
Key Financial Highlights:
Not Specified
Corporate Actions:
- Conversion of 2,61,503 warrants into 2,61,503 equity shares of face value ₹10 each at a premium of ₹104 per share
- Total consideration received: ₹2,23,58,504 (75% of issue price per warrant)
- Issue price per share: ₹114 (₹10 face value + ₹104 premium)
- Warrants were originally allotted on preferential basis to promoters and non-promoters on January 02, 2025, following shareholder approval in Extra Ordinary General Meeting held on October 06, 2024
- Post-conversion paid-up equity share capital increased to ₹34,93,13,550 consisting of 3,49,31,355 fully paid-up equity shares of ₹10 each
- New equity shares rank pari-passu with existing equity shares
Allottee Details:
1. MANU MOHANLAL SHARMA (Public) - 11,988 shares - ₹10,25,000 consideration
2. SILLA YASODHARA (Public) - 51,000 shares - ₹43,60,500 consideration
3. KRUTI VINIT RAWAT (Public) - 25,000 shares - ₹21,37,500 consideration
4. SUMITRA KHINWSARA (Public) - 51,000 shares - ₹43,60,500 consideration
5. DEEPAK SHESHRAO PATIL (Public) - 5,848 shares - ₹5,00,004 consideration
6. HARSHIT DINESH DHANAK (Public) - 1,00,000 shares - ₹85,50,000 consideration
7. DIVIJ MANGLANI (Public) - 16,667 shares - ₹14,25,000 consideration
Total: 2,61,503 equity shares for ₹2,23,58,504 consideration (all cash payments)
Capital Structure Change:
- Existing Share Capital: 3,49,31,355 equity shares aggregating ₹34,93,13,550
- Equity Share Capital added upon conversion: 2,61,503 equity shares aggregating ₹26,15,030
- Total Post-Allotment Capital: ₹34,93,13,550 consisting of 3,49,31,355 equity shares
Conversion Mechanism:
- 25% of Warrant Issue Price received at time of original warrant allotment
- Balance 75% of warrant issue price (₹85.50 per warrant) received at time of conversion
- Only 7 out of 45 original allottees exercised conversion option in this round