Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable
Nature of Filing / Announcement: Outcome of Board Meeting - Preferential Allotment
Key Financial Highlights:
The Board approved the allotment of 37,00,000 (Thirty-Seven Lakh) fully convertible equity warrants to promoters and promoter group on a preferential basis.
- Each warrant is convertible into one fully paid-up equity share of face value ₹2
- Issue price: ₹58 per warrant (including premium of ₹56 per warrant)
- Total issue size: ₹21,46,00,000 (Rupees Twenty-One Crore Forty-Six Lakh)
- Upfront consideration: ₹5,36,50,000 (25% of total issue price)
- Conversion period: 18 months from date of allotment
Corporate Actions:
Preferential Allotment Details:
- Type of securities: Fully convertible equity warrants
- Nature of consideration: Cash
- Allottees and allotment details:
- Chetna Mukeshbhai Thumar (Promoter Group): 13,87,500 warrants
- Post-issue holding assuming full conversion: 2,14,35,300 shares
- Hiteshkumar Godhanbhai Thummar (Promoter): 9,25,000 warrants
- Post-issue holding assuming full conversion: 1,29,96,565 shares