Texel Industries Ltd's Finance Committee approved the conversion of 65,359 warrants into equity shares for promoter Avishi Anuj Sharedalal.
The conversion was executed at an issue price of ₹38.25 per share, following receipt of the remaining 75% payment totaling ₹18.74 lakh.
The company's paid-up equity share capital increased from ₹13.31 crore to ₹13.37 crore following the allotment.
The new shares will rank pari-passu with existing equity shares and no warrants remain pending conversion for this investor.