Allotment of 1,65,00,000 equity shares on conversion of 1,65,00,000 warrants to promoter group

1,65,00,000 equity shares of ₹1/- each allotted to Promoter Group allottee Alka Agarwal, on conversion of 1,65,00,000 Fully Convertible Warrants at an issue price of ₹8.60/- each.

Thu 8 Oct 2026

Equity Shares Allotted

1,65,00,000 equity shares of ₹1/- each

Issue Price

₹8.60/- each

Paid-up Equity Share Capital

₹28,76,58,100/- divided into 28,76,58,100 shares of ₹1/- each

What was approved

Alankit Limited informed the exchanges that the Management Committee of the Board of Directors, at its meeting held on Wednesday, October 07, 2026, considered and approved the allotment of 1,65,00,000 (One Crore Sixty-Five Lakh) equity shares of face value ₹1/- each.

The route: conversion of warrants

• The allotment is pursuant to the conversion of 1,65,00,000 Fully Convertible Warrants.
• Those warrants were allotted on October 05, 2026.
• Issue price: ₹8.60/- each.
• Basis: preferential allotment on a private placement basis.

Who received the shares

• Name of the allottee: Alka Agarwal
• Category: Promoter Group
• Number of shares allotted: 1,65,00,000

What the share capital looks like now

• Paid-up equity share capital: ₹28,76,58,100/- (Rupees Twenty-Eight Crore Seventy-Six Lakh Fifty-Eight Thousand One Hundred Only)
• Divided into 28,76,58,100 equity shares of face value ₹1/- each

The share count has therefore risen by 1,65,00,000 shares of ₹1/- face value.

How a retail investor can read it

• This is a conversion step: warrants that were already issued are now exchanged for equity shares.
• Because fresh shares are issued, the total number of shares goes up. When the number of shares rises without a matching change in earnings, each existing share represents a smaller slice of the company. This is what is commonly called dilution.
• The allottee belongs to the Promoter Group category, so this allotment goes to a member of the promoter group.
• The price at which these shares were allotted is ₹8.60/- per share, and the face value of each share is ₹1/-.
• The update records the paid-up capital and total share count after the allotment, which is the base used for per-share calculations such as earnings per share.

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