AMAdvance Multitech526331Preferential allotment

Board approves allotment of 97.25 lakh fully convertible warrants at Rs. 40/- each

Board approved allotment of 97.25 lakh fully convertible warrants at Rs. 40/- each to persons in the Non-Promoter group.

By ScoutQuest · Tue 27 Oct 2026, 6:14 PM IST · 2 min read

Warrants Allotted

97.25 lakh fully convertible warrants at Rs. 40/- each

Upfront Payment Received

25% received upfront: Rs. 10/- per warrant, totalling ~Rs. 9.73 crore

Aggregate Consideration

Rs. 38.9 crore for all 97.25 lakh warrants

What the Board approved

• The Board of Directors, at its meeting held on October 27, 2026, approved the allotment of 97.25 lakh fully convertible warrants for cash on a preferential basis to persons forming part of the Non-Promoter group.
• This follows the Board's approval at its meeting held on September 1, 2026, the approval of members at the Annual General Meeting held on September 28, 2026, and in-principle approval granted by BSE Limited dated October 12, 2026.
• The Board meeting commenced at 05:30 pm (IST) and concluded at 05:50 pm (IST).

Price and conversion terms

• Issue price is Rs. 40/- per warrant, which includes a premium of Rs. 30/- per warrant.
• Each warrant carries a face value of Rs. 10/- and is convertible into one fully paid-up equity share of face value Rs. 10/- each, so the 97.25 lakh warrants would convert into an equal number of equity shares.
• Conversion is subject to receipt of the balance consideration of Rs. 30/- per warrant, being 75% of the issue price per warrant, from the allottees when they choose to exercise the conversion option, before the end of 18 months from the date of allotment.

Money received so far

• The company has received 25% of the issue price, that is Rs. 10/- per warrant, as upfront payment, aggregating to ~Rs. 9.73 crore (Rupees Nine Crores Seventy Two Lakhs Fifty Thousand Only).
• The aggregate consideration for the allotment is Rs. 38.9 crore, of which ~Rs. 9.73 crore (being 25%) has been paid upfront.
• The balance 75% becomes payable only when the warrant holders exercise their rights attached to the warrants.

Who the warrants went to

• The Annexure lists 118 investors in total, each shown under the Public category.
• The larger individual allotments in the list include 6,25,000 warrants each (Rs. 62,50,000 received in each case), and 6,23,217 warrants (Rs. 62,32,170 received), down to the smallest shown allotments of 2,500 warrants (Rs. 25,000 received).

Lock-in

• The warrants allotted on a preferential basis will be locked in for a specified period in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

How to read this

• A warrant is not yet a share. Money comes in two steps: 25% now, and the remaining 75% only if and when the holder chooses to convert within the 18-month window.
• If all the warrants are converted, the company's equity share capital would increase by 97,25,000 equity shares of face value Rs. 10/- each. Any change in the percentage holding of existing shareholders depends on how many warrants are actually converted.
• The upfront inflow into the company at this stage is ~Rs. 9.73 crore; the larger Rs. 38.9 crore figure is the total consideration assuming the balance is paid on conversion.

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.

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