The Board approved the conversion of 200,000 warrants into 200,000 equity shares of face value ₹4 each. The conversion was executed for the warrant holder(s) detailed in Annexure A, following the exercise of their conversion rights in accordance with SEBI ICDR Regulations, 2018.
Financial Details
- Allotment Method: Made for cash upon receipt of exercise price
- Exercise Price: ₹4.5 per share warrant (equivalent to 75% of the warrant issue price of ₹6 per warrant)
- Total Amount Received: ₹9,00,000 (Rupees Nine Lakhs Only)
- Pre-allotment Paid-up Capital: ₹28,20,00,012 (Twenty-Eight Crore Twenty Lacs and Twelve Only)
- Post-allotment Paid-up Capital: ₹28,28,00,012 (Twenty-Eight Crore Twenty-Eight Lakhs and Twelve Only)
- Capital Increase: ₹8,00,000
Share Characteristics
The newly allotted equity shares will rank pari-passu in all respects with the existing equity shares of the Company, including entitlement to dividends.
Allottee Details (Annexure A)
- Single Allottee: Rajesh A. Shukla (Public category)
- Warrants Held: 200,000
- Warrants Converted: 200,000
- Equity Shares Allotted: 200,000
- Amount Received: ₹9,00,000
Historical Context (Annexure B)
The warrants were originally allotted on November 28, 2025, carrying the right to subscribe to 1 equity share per warrant. The initial payment was received at the rate of ₹1.5 per warrant (being 25% of the issue price per warrant). The current conversion represents the balance payment of 75% of the issue price.
Transaction Characteristics
- Type of Securities: Equity shares pursuant to conversion of warrants
- Type of Issuance: Preferential allotment on a private placement basis
- Total Securities Issued: 200,000 equity shares of face value ₹4 each
- Number of Investors: 1 (One)