Allotment of 97.25 lakh fully convertible warrants at Rs. 40/- per warrant
Board allotted 97.25 lakh fully convertible warrants to non-promoter allottees at Rs. 40/- per warrant.
By ScoutQuest · · 1 min read
- Warrants Allotted
- 97.25 lakh fully convertible warrants to non-promoter allottees
- Issue Price per Warrant
- Rs. 40/- per warrant
- Total Consideration
- Rs. 38.9 crore (Rs. 9.73 crore received upfront; balance Rs. 30/- per warrant payable within 18 months on exercise)
Allotment of convertible warrants
The Board of Directors passed a resolution on October 27, 2026, allotting 97.25 lakh fully convertible warrants to persons in the non-promoter category. The issue price is Rs. 40/- per warrant. The warrants are convertible into equity shares of the company.
Payment structure
- The company has received 25% of the issue price upfront, aggregating ~Rs. 9.73 crore.
- The balance Rs. 30/- per warrant is payable by the allottee when exercising the conversion option, within 18 months from the date of allotment.
- The total consideration for the warrants is Rs. 38.9 crore.
Who received the warrants
- A total of 118 investors were allotted warrants under the non-promoter category.
- The allotment is on a preferential basis.
- The warrants are locked-in for a specified period.
What it means
A warrant gives the holder the right to receive equity shares later, after paying the balance amount. The company has received ~Rs. 9.73 crore upfront now. If all warrants are converted, the company will issue equity shares equal to the warrants converted. This will increase the total number of equity shares, so existing shareholders may see dilution. The conversion is subject to the allottees exercising their option within the 18-month window.
Market perception
The announcement can be seen as a fund-raising step with an upfront cash receipt. The key items investors may track are the conversion of warrants into equity shares and the resulting change in the share count.
Points to note
- The upfront receipt is 25% of the total warrant consideration.
- The balance payment is linked to exercise of the conversion option.
- The warrants are locked-in for a specified period.
- The equity shares issued on conversion will be fully paid-up.
Also from Advance Multitech
Board approves allotment of 97.25 lakh fully convertible warrants at Rs. 40/- each
27 Oct 2026
Board meeting on 6 November 2026 to consider Q2 and H1 results, limited review report and director appointment
27 Oct 2026
More numbers
- Fully convertible warrants allotted97,25,000
- Issue price per warrantRs. 40/-
- Upfront amount receivedRs. 9,72,50,000/-
- Upfront payment as % of issue price25%
- Balance payable per warrantRs. 30/-
- Conversion window18 months
- Total consideration for warrantsRs. 38,90,00,000/-
- Total number of investors118 (One Hundred Eighteen)
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.