Trading approval received for 1,30,00,000 equity shares allotted on conversion of warrants

Trading approval received from NSE and BSE for 1,30,00,000 equity shares of Rs. 1/- each, allotted to non-promoters on conversion of warrants on a preferential basis.

Tue 6 Oct 2026

Shares approved for trading

1,30,00,000 equity shares of Rs. 1/- each

Listed capital

Rs. 43,97,49,960 (43,97,49,960 shares)

Lock-in

up to 15-Apr-2027

What happened

The company has received trading approval from NSE and BSE for 1,30,00,000 equity shares of face value Rs. 1/- each. These shares were allotted to non-promoter investors on a preferential basis, after they converted warrants held by them into equity shares.

The trading approval letters are dated October 05, 2026, and the shares are listed and admitted to dealings on the exchanges from October 06, 2026.

Warrants to shares

• A warrant is a right to buy shares later at a fixed price. When the holder pays and converts it, new equity shares of the company are issued.
• Here the conversion has already taken place and the resulting shares have now been approved for trading on the exchanges.

The two tranches

• 30,00,000 equity shares issued at a premium of Rs. 10.10/-
• 1,00,00,000 equity shares issued at a premium of Rs. 7/-

Lock-in

The shares carry a lock-in up to 15-Apr-2027. Lock-in means the allottees cannot sell these particular shares before that date.

Impact on capital

The company stated that upon receipt of the trading approvals, its listed capital increased to Rs. 43,97,49,960, comprising 43,97,49,960 fully paid equity shares of Rs. 1/- each.

Where these shares will trade

The shares carry the symbol AFIL and are in the EQ series on the exchange.

What it means for existing shareholders

• When warrants are converted into shares, the total number of shares of the company goes up. A shareholder who did not receive any of these new shares now owns a smaller percentage of the company than before; this is commonly called dilution.
• The lock-in up to 15-Apr-2027 means these specific shares cannot be sold by the allottees before that date.
• The shares are non-promoter shares, so promoter holding is not being added to by this allotment.

How to read this update

This is an intimation that a procedural step — exchange approval to trade the newly allotted shares — has been completed, along with the updated listed capital of the company.

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.