Management Committee approves allotment of 5,00,00,000 fully convertible warrants at Rs. 8.60 each

Committee approved allotment of 5,00,00,000 Fully Convertible Warrants at Rs. 8.60 each, for cash, aggregating Rs. 43,00,00,000, to Alka Agarwal of the Promoter Group on a preferential basis.

Mon 5 Oct 2026

Warrants Allotted

5,00,00,000 Fully Convertible Warrants

Issue Price per Warrant

Rs. 8.60 each

Aggregate Amount

Rs. 43,00,00,000

Allottee Category

Alka Agarwal of the Promoter Group

Fully Diluted Paid-up Capital

Rs. 32,11,58,100 in 32,11,58,100 shares of Re. 1 each

Warrants allotted

Alankit Limited's Management Committee of the Board of Directors, at its meeting held on Monday, October 05, 2026, considered and approved the allotment of 5,00,00,000 (Five Crore) Fully Convertible Warrants at an issue price of Rs. 8.60/- (Rupees Eight and Sixty Paisa Only) per Warrant, for cash, for an aggregate amount of Rs. 43,00,00,000/- (Rupees Forty-Three Crore Only), on a preferential basis.

The allottee

• Name of the allottee: Alka Agarwal
• Category: Promoter Group
• Number of warrants allotted: 5,00,00,000

The company states that the allotment is to the below-mentioned allottee belonging to the "Promoter & Promoter Group" category.

What a fully convertible warrant means

A warrant is a security that carries the right to equity shares of the company; a fully convertible warrant converts into equity shares in line with its terms. Here the warrants were allotted for cash, and the update states an aggregate amount of Rs. 43,00,00,000/- for the 5,00,00,000 warrants at Rs. 8.60/- each. Because the issue is described as fully convertible, the equity shares against these warrants would come at conversion, not at allotment.

What happens to the share capital

• Consequent to this allotment, the paid-up equity share capital of the company on a fully diluted basis is Rs. 32,11,58,100/-.
• This is divided into 32,11,58,100 equity shares of face value Re. 1/- each.
• "Fully diluted" means the share count is worked out assuming the conversion into equity shares is given effect.

What this means for existing shareholders

• The warrants are allotted to the promoter group on a preferential basis, so if they convert into equity shares, the promoter group's holding would go up and the percentage holding of other shareholders in the expanded capital would change.
• The conversion itself happens under the terms of the warrant issue, so any fresh equity shares would reflect in the share capital at that later stage rather than now.

How the news may be read

This is an allotment of securities, that is, a fund-raising and promoter-participation event. One way to read it is as the promoter group putting money into the company through a convertible instrument; the other is as future dilution of existing holders if and when the warrants convert. The update itself contains the terms stated above.

Meeting details

The Management Committee meeting commenced at 5:00 PM and concluded at 5:30 PM.

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