Key Quantitative Figures and Allotment Details

The IB&SA Committee meeting was held on June 4, 2026, commencing at 06:04 PM and concluding at 06:25 PM.

The committee approved the allotment of 83,43,263 equity shares of face value ₹10 each, issued at a premium of ₹225 per share.

The total funds received for this conversion were INR 147,05,00,104.25 (One Hundred Forty Seven Crores Five Lakh One Hundred Four and Twenty Five Paise), which represents 75% of the total consideration payable for the warrants being converted.

This amount, combined with the 25% of the total consideration (₹49.01 crore) received earlier on September 12, 2026, at the time of the original warrant allotment, constitutes 100% of the total consideration for these 83,43,263 warrants.

Detailed Allottee Breakdown

The allotment was made to the following five entities:

  • The Hindustan Times Limited: Converted 4,53,901 warrants for ₹8,00,00,051.25 (75% portion). Allotted 4,53,901 equity shares. Holds 10,35,460 residual warrants.
  • Akhil Dhawan: Converted 2,00,000 warrants for ₹3,52,50,000. Allotted 2,00,000 equity shares. Holds 6,51,063 residual warrants.
  • Ashish Dhawan: Converted 17,00,000 warrants for ₹29,96,25,000. Allotted 17,00,000 equity shares. Holds 36,19,148 residual warrants.
  • VIC Enterprises Private Limited: Converted 34,89,362 warrants for ₹61,50,00,053. Allotted 34,89,362 equity shares. Holds 21,84,396 residual warrants.
  • JM Financial Credit Solutions Limited: Converted 25,00,000 warrants for ₹44,06,25,000. Allotted 25,00,000 equity shares. Holds 68,61,702 residual warrants.

The total number of warrants held by all allottees prior to this conversion was 2,26,95,032.

Capital Structure Impact

Consequent to this allotment, the issued, subscribed, and paid-up equity share capital of the company has increased from INR 3,32,89,04,790 (comprising 33,28,90,479 shares) to INR 3,41,23,37,420 (comprising 34,12,33,742 shares). This represents an increase of INR 8,34,32,630 in the share capital.

Terms of the New Shares

The equity shares issued upon conversion are fully paid-up and will rank pari passu with the existing equity shares of the company in all respects, except for restrictions placed under the lock-in period prescribed by the SEBI (Issue of Capital and Disclosure Requirements) Regulations.

Annexure A Disclosure

Annexure A provides a structured disclosure as per Schedule III of SEBI LODR Regulations. It confirms the type of issuance (conversion of warrants to equity shares), the total number of securities issued (83,43,263), the total amount raised (INR 196.06 crore for 100% consideration), and the names of the investors. It also states that there was no cancellation or termination of the proposal.

#Tags: #ReligareEnterprises #WarrantConversion #SEBIRegulation30 #CapitalIncrease #Fundraising