Key Event Details
- The Board of Directors of Windsor Machines Limited approved the allotment of 17,32,405 equity shares of face value ₹2 each via a Circular Resolution passed on July 05, 2026.
- This allotment represents the conversion of 17,32,405 warrants at an issue price of ₹191.85 per equity share (including a premium of ₹189.85 per share).
- The conversion was effected upon receipt of ₹24,92,71,424.40 from the allottee, representing the balance 75% of the issue price per warrant.
- The conversion was executed in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Allottee Information
The sole allottee is Mr. Ramesh Keshubhai Siyani, belonging to the Promoter Group category. Prior to conversion, he held 17,32,405 warrants. He applied for and was allotted 17,32,405 equity shares. Post-allotment, his shareholding stands at 1,04,24,810 equity shares, representing 10.08% of the total paid-up capital.
Capital Structure Impact
- Pre-conversion Issued, Subscribed and Paid-up Equity Share Capital: ₹20,34,54,024 consisting of 10,17,27,012 fully paid-up Equity Shares of ₹2 each.
- Post-conversion Issued, Subscribed and Paid-up Equity Share Capital: ₹20,69,18,834 consisting of 10,34,59,417 fully paid-up Equity Shares of ₹2 each.
- The increase represents the addition of 17,32,405 new equity shares.
Warrant Status
With this conversion, all 2,60,62,027 warrants issued on a preferential basis by the Board of Directors on January 09, 2025, have been fully exercised and converted into equity shares. No warrants remain outstanding or unexercised as of the date of this disclosure.
Share Characteristics and Listing
The new equity shares allotted will rank pari-passu with the existing equity shares of the Company. They will be listed on both BSE Limited and the National Stock Exchange of India Limited upon receipt of listing approval.