AIAmbassador Intra Holdings542524Preferential allotment

Board allots 18 lakh convertible warrants at Rs. 21.50 each on preferential basis

Ambassador Intra Holdings allotted 18 lakh convertible warrants on a preferential basis.

By ScoutQuest · Mon 19 Oct 2026, 7:37 PM IST · 2 min read

Warrants Allotted

18 lakh convertible warrants on a preferential basis

Issue Price per Warrant

Rs. 21.50 per warrant (face value Rs. 10.00 plus premium Rs. 11.50)

Upfront Consideration Collected

25% collected upfront: Rs. 96,75,750 in total

What the board approved

The board of Ambassador Intra Holdings met on Monday, 19th October, 2026, from 06:00 P.M. to 07:15 P.M., and considered, approved and allotted 18 lakh (Eighteen lakh) convertible warrants on a preferential basis to persons and entities belonging to the Public Category. The terms follow the explanatory statement to the notice of the Annual General Meeting dated 11th September, 2026.

Warrant terms

• Each warrant gives the holder an option to convert it into one fully paid-up equity share of face value Rs. 10.00.
• The issue price is Rs. 21.50 per warrant, including a premium of Rs. 11.50 per warrant.
• The allotment is for cash consideration.
• The option to convert must be exercised within 18 months from the date of allotment.
• 25.00% of the issue price has been received now; the balance 75.00% is payable when the holder exercises the conversion option.

Who received the warrants

• Garima Venture Finance Limited: 5,60,000 warrants, 25% consideration Rs. 30,10,000
• Ashish Patel: 4,00,000 warrants, Rs. 21,50,000
• Parshva Alloys Private Limited: 1,75,000 warrants, Rs. 9,41,000
• Evolvion Advisory Private Limited: 1,75,000 warrants, Rs. 9,41,000
• Arpit Singh: 1,00,000 warrants, Rs. 5,37,500
• Saroj Dinesh Singh Kshatriya: 1,00,000 warrants, Rs. 5,37,500
• Rajveer Dinesh Singh: 1,00,000 warrants, Rs. 5,37,500
• Dharamveer Rajeshkumar Singh: 65,000 warrants, Rs. 3,49,375
• Prabeersingh Chetansingh Thakur: 65,000 warrants, Rs. 3,49,375
• Kavya Chetansingh Thakur: 60,000 warrants, Rs. 3,22,500

The annexure carries a correction: the 25% consideration for Parshva Alloys Private Limited and Evolvion Advisory Private Limited is required to be Rs. 9,40,625 instead of Rs. 9,41,000, and an adjustment of Rs. 375 per company will be made in the 75% consideration.

Money received now

The 25% consideration across the ten allottees totals Rs. 96,75,750. The larger 75.00% portion is not paid at allotment; it comes in only when a warrant holder chooses to convert.

What it means for a retail holder

• A warrant is not a share. It becomes a share only when the holder pays the balance and converts, and that must happen within 18 months.
• If every warrant is converted, the company would issue up to 18,00,000 new equity shares, one for each warrant.
• More shares in issue means each existing share represents a smaller slice of the company, which is commonly called dilution. The extent depends on how many warrants are actually converted.
• Because three-fourths of the money arrives at conversion, the company's cash inflow is staged rather than immediate.
• The allotment is a board-approved corporate action, so the number of shares can change later if holders exercise their option.

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