Summary of Key Information:
Reporting Period (Quarter/Year): Not Specified
Nature of Filing / Announcement: Outcome of Board Meeting regarding warrant conversion
Audit Opinion:
Not Specified
Key Financial Highlights:
Standalone Results:
- Paid-up capital increased from ₹19,09,07,140 (comprising 1,90,90,714 equity shares of ₹10 each) to ₹19,44,07,140 (comprising 1,94,40,714 equity shares of ₹10 each)
Consolidated Results:
Not Specified
Segment-wise Performance:
Not Specified
Corporate Actions:
The Board approved the conversion of 3,50,000 warrants into 3,50,000 equity shares of face value ₹10 each. This conversion was part of the total 35,32,500 warrants issued and allotted on Thursday, April 10, 2025, on a preferential allotment basis.
Allotment Details:
- Sunita Devi Mundhra (Promoter): Converted 2,00,000 warrants into 2,00,000 equity shares
- Anuj Mundhra (Promoter): Converted 1,50,000 warrants into 1,50,000 equity shares
- Total conversion: 3,50,000 warrants into 3,50,000 equity shares
Issue Price Details:
- The warrants were allotted at a price of ₹44 per equity share
- 25% of the total consideration (₹11 per warrant) was paid upon application
- The balance 75% (₹33 per equity share) was received upon conversion
Shareholding Pattern Change:
- Anuj Mundhra: Pre-issue shareholding 41,53,127 shares (21.75%) → Post-issue 43,03,127 shares (22.13%)
- Sunita Devi Mundhra: Pre-issue shareholding 14,51,129 shares (7.60%) → Post-issue 16,51,129 shares (8.49%)
Warrant Terms:
- Warrant holders can exercise warrants in one or more tranches within 18 months from allotment date (April 10, 2025)
- Unexercised warrants after 18 months will lapse, and the amount paid will be forfeited
- New equity shares rank pari passu with existing equity shares
Other Significant Information:
Not Specified