Key Quantitative Figures
- Total warrants allotted: 60,82,600 warrants
- Issue price per warrant: ₹475
- Total issue value: ₹288,92,35,000 (Two Hundred Eighty Eight Crore Ninety Two Lakhs Thirty Five Thousand)
- Upfront payment received: 26% of issue price (₹123.50 per warrant)
- Total consideration received: ₹75,12,01,100 (Seventy Five Crore Twelve Lakh One Thousand One Hundred)
Detailed Allotment Breakdown
- Manishkumar P Kiri (Promoter): 20,27,600 warrants, contribution ₹25,04,08,600
- Anupama Manishkumar Kiri (Promoter Group): 10,27,500 warrants, contribution ₹12,68,96,250
- Hemil Manishkumar Kiri (Promoter Group): 30,27,500 warrants, contribution ₹37,38,96,250
Dates and Approvals
- Shareholder approval obtained: September 29, 2026
- BSE in-principle approval: November 02, 2026 (Letter No. LOD/PREF/RB/FIP/1044/2026-27)
- NSE approval: November 03, 2026 (Letter Ref: NSE/LIST/57286)
- Board meeting date: November 07, 2026
- Allotment date: November 07, 2026
Capital Structure Impact
Upon full conversion of all 60,82,600 warrants after payment of balance amount, the equity shares issued will rank pari passu with existing equity shares. The promoter and promoter group shareholding will increase to 46.69% of the total equity share capital on a fully diluted basis.