Windsor Machines Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 regarding the conversion of warrants into equity shares.
Board Approval
The Board of Directors approved the conversion via circular resolution passed on Thursday, June 18, 2026.
Transaction Details
- Number of warrants converted: 1,04,24,811
- Issue price per share: ₹191.85 (including a premium of ₹189.85)
- Amount received: ₹149,99,99,992 (being 75% of the issue price per warrant)
- Allottee: Mr. Vinit Dharamshibhai Bediya (Public Category)
- Reference: Continuation of company's intimation dated January 09, 2025 regarding allotment of 2,60,62,027 equity warrants
Capital Structure Impact
The conversion has increased the company's issued, subscribed and paid-up equity share capital:
- Pre-conversion capital: ₹18,26,04,402 consisting of 9,13,02,201 fully paid-up equity shares of ₹2 each
- Post-conversion capital: ₹20,34,54,024 consisting of 10,17,27,012 fully paid-up equity shares of ₹2 each
- Capital increase: ₹2,08,49,622
Shareholding Changes
Mr. Vinit Dharamshibhai Bediya's shareholding has changed as follows:
- Pre-issue holding: Nil shares (0% of paid-up capital)
- Post-issue holding: 1,04,24,811 shares (10.25% of paid-up capital)
Warrant Status
Following this conversion, there are no warrants pending conversion for this allottee. The disclosure mentions that out of the original 2,60,62,027 warrants, a balance of 17,32,405 warrants remains held by other warrant holders.
Additional Information
The new equity shares will rank pari-passu with existing equity shares of the company and will be listed on BSE Limited and National Stock Exchange of India Limited upon receipt of listing approval.
The disclosure includes Annexure-I with additional details as required under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.