Windsor Machines Ltd. allotted 27,80,000 equity shares to promoter Rameshbhai Siyani upon conversion of warrants at ₹191.85 per share.
The company received ₹40 crore from the warrant holder, increasing its paid-up capital from ₹17.70 crore to ₹18.26 crore.
The new shares will rank pari-passu with existing shares and are pending listing approval from BSE and NSE.
The conversion is part of a preferential allotment made in January 2025, with 1.22 crore warrants still eligible for future conversion.