Key Quantitative Figures
- Number of warrants allotted: 3,38,030
- Face value per warrant: ₹10
- Warrant subscription price: ₹295.83 per warrant (25% of issue price)
- Total issue price per equity share: ₹1,183.32
- Conversion ratio: 1 warrant = 1 equity share of ₹10 face value
- Warrant exercise period: 18 months from date of allotment
- Balance payment required for conversion: 75% of issue price (₹887.49 per warrant)
Parties Involved
Allottees (Promoter/Promoter Group):
- Ganesh L (joint holding with Meenakshi Ganesh) - 1,69,015 warrants
- Harish Lakshman - 1,69,015 warrants
Committee: Issue and Allotment Committee of the Board of Directors
Transaction Details
- The warrants are convertible into equity shares in one or more tranches
- Conversion can occur at any time after allotment upon application by promoters
- Full subscription achieved with two investors
- Conversion requires payment of balance 75% of issue price (₹887.49 per warrant)
Financial Impact
The company has received ₹10,00,00,000 (approximately) as warrant subscription amount (3,38,030 warrants × ₹295.83). Potential additional inflow of ₹30,00,00,000 (approximately) if all warrants are converted within 18 months.
Corporate Structure Impact
Upon full conversion, the company's equity share capital would increase by 3,38,030 equity shares of ₹10 each, resulting in dilution to non-promoter shareholders.
Governance Process
The allotment was approved by the Issue and Allotment Committee of the Board of Directors at their meeting held on July 30, 2026.