Allotment of 11,50,000 Equity Shares on Conversion of Warrants; Revised Annexure to 06-08-2026 Outcome
Board on 30-09-2026 allotted 11,50,000 equity shares of Rs. 10/- each on conversion of warrants (issue price Rs. 63.80/-), on receipt of Rs. 47.85/- per warrant, totalling Rs. 5,50,27,500/-.
- Shares Allotted
- 11,50,000 equity shares of Rs. 10/- each
- Issue Price
- Rs. 63.80/- per warrant
- Amount Received
- Rs. 47.85/- per warrant, totalling Rs. 5,50,27,500/-
- Paid-up Capital Increase
- From 30724303 to 31874303 shares
- Outstanding Warrants
- 14,80,000 warrants remain outstanding for conversion
What happened
The Board of Directors, at its meeting held on 30-09-2026 (11.30 AM to 12.30 PM), approved the allotment of 11,50,000 equity shares of face value Rs. 10/- each upon conversion of fully convertible warrants. The company has also shared a revised Annexure I table read with the outcome of the Board Meeting dated 06-08-2026.
Money involved
- Warrants were issued on a preferential basis at an offer price of Rs. 63.80/- each, a premium of Rs. 53.80/- over face value.
- Conversion followed receipt of Rs. 47.85/- per warrant, being 75% of the issue price.
- Total amount received on this conversion: Rs. 5,50,27,500/-.
- Members had approved the preferential issue on January 02, 2025; warrants were allotted on 23-05-2025.
Capital structure
- Issued and paid-up capital before the conversions: 28354303 shares (Rs. 283543030/-).
- After the 06-08-2026 allotment: 30724303 shares (Rs. 307243030).
- After the 30-09-2026 allotment: 31874303 shares (Rs. 318743030/-).
Warrant status
- Total warrants issued: 50,00,000.
- Converted on 06-08-2026: 23,70,000.
- Converted on 30-09-2026: 11,50,000.
- Outstanding for conversion: 14,80,000, within 18 months from the allotment date of 23-05-2025.
Who received shares this time
In the 30-09-2026 round, Nimit Rajesh Ghatalia (Promoter Group) converted 150000 warrants, taking his holding to 1650000 shares or 5.18%. Public category allottees included Archana Pramod Wani (200000 shares, 0.63%), Priti Vijaykumar Shah (500000 shares, 1.57%), Vaishali Aggarwal (250000 shares, 0.78%), Sujata Tushar Mehta (25000 shares, 0.08%) and Tushar Mehta HUF (25000 shares, 0.08%).
How to read this
Fresh shares bring cash into the company but increase the total share count, so existing holdings represent a slightly smaller share of the company. Holdings of some promoter group members shift in percentage terms purely because the denominator has grown, for example Bina Rajesh Ghatalia moves from 14.66% to 14.13% without converting any warrants. With 14,80,000 warrants still outstanding, further share issuance can follow if they are exercised.
Also from Aarey Drugs & Pharmaceuticals
Revised outcome: Board approves allotment of 11,50,000 equity shares on warrant conversion
7 Oct 2026
Aarey Drugs & Pharmaceuticals Ltd promoter buys 7.71% stake
5 Oct 2026
Aarey Drugs & Pharmaceuticals Ltd shareholder buys 0.47% stake, holding rises to 5.18%
5 Oct 2026
More numbers
- Equity shares allotted on 30-09-202611,50,000 Equity Shares
- Face value per shareRs. 10/-
- Warrants issued (preferential)50,00,000 Convertible Warrants
- Offer price per warrantRs. 63.80/-
- Premium per warrantPremium of Rs. 53.80/-
- Amount received per warrantRs. 47.85/- per warrant
- Total consideration receivedRs. 5,50,27,500/-
- Shares before allotment28354303
- Shares after 06-08-2026 allotment30724303
- Shares after 30-09-2026 allotment31874303
- Warrants converted on 06-08-202623,70,000 Convertible Warrants
- Warrants outstanding14,80,000 Convertible Warrants
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