Eiko LifeSciences Limited disclosed the conversion of warrants into equity shares pursuant to Regulation 30 of SEBI LODR Regulations. This is in continuation to the company's announcement dated 24th February, 2026 regarding allotment of warrants and the Extra-Ordinary General Meeting held on 07th January, 2026.

Key Quantitative Figures

  • Number of warrants converted: 3,05,000 (Three Lakh Five Thousand)
  • Number of equity shares allotted: 3,05,000 (Three Lakh Five Thousand)
  • Issue price per share: ₹55 (including a premium of ₹45)
  • Amount received: ₹1,25,81,250 (One Crore Twenty-Five Lakh Eighty-One Thousand Two Hundred Fifty Only), representing 75% of the issue price per warrant

Allottee Details

| Allottee Name | Category | Warrants Held (Pre) | Warrants Converted | Equity Shares Allotted | Amount Received | Warrants Pending |

| Bhavesh Dhirajlal Tanna | Promoter | 15,50,000 | 1,30,000 | 1,30,000 | ₹53,62,500 | 14,20,000 |

| V Square Pharmachem Private Limited | Non-Promoter | 10,00,000 | 1,75,000 | 1,75,000 | ₹72,18,750 | 8,25,000 |

| TOTAL | | 25,50,000 | 3,05,000 | 3,05,000 | ₹1,25,81,250 | 22,45,000 |

Capital Structure Impact

Post-conversion, the Issued, Subscribed and Paid-up Equity Share Capital of the Company increased to ₹14,65,08,540 consisting of 1,46,50,854 fully paid-up Equity Shares of ₹10 each. The new equity shares will rank pari-passu with existing equity shares.

Shareholding Changes

  • Bhavesh Dhirajlal Tanna: Pre-issue holding 8,40,000 shares (5.86%) → Post-issue holding 9,70,000 shares (6.62%)
  • V Square Pharmachem Private Limited: Pre-issue holding 0 shares → Post-issue holding 1,75,000 shares (1.19%)

Conversion Mechanics

Warrants were originally allotted on 24th February, 2026 with the right to subscribe to one Equity Share per warrant. At the time of warrant subscription, 25% of the issue price (₹13.75 per warrant) was received. The current conversion involved receipt of the remaining 75% of the issue price (₹41.25 per warrant).

Pending Conversions

Following this conversion, 22,45,000 warrants remain pending for conversion by the two allottees. The total warrants remaining pending for conversion is 26,45,000.