Key Quantitative Figures

  • Number of equity shares allotted: 5,50,000 shares of face value ₹5 each
  • Warrant exercise price received: ₹6,93,00,000 (₹126 per warrant)
  • Total issue price per share: ₹168 (including ₹42 already paid at warrant allotment)
  • Pre-allotment paid-up capital: ₹67,47,31,155
  • Post-allotment paid-up capital: ₹67,74,81,155
  • Number of equity shares outstanding post-allotment: 13,54,96,231 shares

Dates of Action

  • Warrant allotment date: 18th June 2026 (referenced)
  • Conversion approval date: 14th July 2026
  • Disclosure date: 14th July 2026

Parties Involved

  • Issuer: Pennar Industries Limited
  • Allottee: Pennar Holdings Private Limited
  • Approving authority: Allotment Committee of Board of Directors

Transaction Details

  • Original warrant allotment: 30,00,000 warrants
  • Warrants converted in this tranche: 5,50,000 warrants
  • Warrants remaining after conversion: 24,50,000 warrants
  • Warrant exercise price: ₹126 per warrant (75% of total issue price of ₹168)
  • The new equity shares rank pari passu with existing equity shares

Financial Impact

  • Cash inflow: ₹6,93,00,000 received as warrant exercise price
  • Share capital increase: ₹27,50,000 (5,50,000 shares × ₹5 face value)
  • Share premium account impact: ₹6,65,50,000 (5,50,000 shares × ₹121 premium)

Warrant Terms

  • Warrants are convertible into one equity share each
  • Exercise period: 18 months from date of allotment
  • Unexercised warrants after 18 months shall lapse
  • Amount paid on lapsed warrants shall be forfeited by the company