Key Quantitative Figures

  • Number of Warrants Allotted: 73,86,362 (Seventy Three Lakhs Eighty-Six Thousand Three Hundred Sixty-Two) warrants
  • Warrant Conversion: Each warrant convertible into one equity share of face value ₹1
  • Issue Price per Warrant: ₹35.20 (Rupees Thirty-Five and Twenty Paise)
  • Total Warrant Issue Value: ₹25,99,99,942.40 (Rupees Twenty-Five Crore Ninety Nine Lakhs Ninety Nine Thousand Nine Hundred Forty Two and Forty Paise)
  • 25% Subscription Amount Received: ₹6,49,99,985.60 (Rupees Six Crore Forty-Nine Lakhs Ninety-Nine Thousand Nine Hundred Eighty-Five and Sixty Paise)
  • Subscription Price per Warrant (25%): ₹8.80

Dates of Action

  • Shareholder Approval: Extra-Ordinary General Meeting held on June 8, 2026
  • Exchange Approvals: BSE and NSE in-principle approvals dated September 1, 2026
  • Finance Committee Meeting: September 17, 2026
  • Allotment Date: September 17, 2026

Parties Involved

Allottees (Category - Public):

1. Resonance Opportunities Fund - 28,40,909 warrants

2. Nexta Enterprises LLP - 42,61,363 warrants

3. Aamara Capital Private Limited - 2,84,090 warrants

Regulatory Bodies: BSE Limited, National Stock Exchange of India Limited, SEBI

Company Authorities: Finance Committee of the Board of Directors, Vijay Jaikrishin Mansukhani (Chairman & Managing Director, DIN: 01041809)

Capital Structure Impact

Current Shareholding (Pre-allotment):

  • Promoter/Promoter's Group: 14,96,51,769 shares
  • Public: 21,98,76,075 shares
  • Non-Promoter Non-Public: 0 shares
  • Total: 36,95,27,844 shares

Post-Allotment Impact (on fully diluted basis assuming full conversion):

  • Promoter/Promoter's Group: 14,96,51,769 shares (unchanged)
  • Public: 22,72,62,437 shares (increase of 73,86,362 shares)
  • Non-Promoter Non-Public: 0 shares
  • Total: 37,69,14,206 shares

Immediate Impact: The allotment of warrants does not result in any change in the issued, subscribed and paid-up equity share capital at this stage as the securities are warrants, not equity shares.

Warrant Conversion Terms

  • Conversion Period: Warrant holders may exercise conversion rights in one or more tranches within 18 months from date of allotment (September 17, 2026)
  • Lapse Condition: If warrant holders do not exercise conversion rights within 18 months, the unexercised warrants shall lapse
  • Forfeiture: Upon lapse, the amount paid by warrant holders at subscription (25% of issue price) shall stand forfeited by the company

Financial Implications

  • Immediate Cash Inflow: ₹6,49,99,985.60 received as 25% warrant subscription amount
  • Potential Future Cash Inflow: Additional ₹19,49,99,956.80 receivable upon full conversion of all warrants
  • Contingent Liability: None disclosed

#Tags: #OnidaElectronics #PreferentialAllotment #Regulation30 #SEBIDisclosure #Fundraising #Neutral