Board Allots 22,25,000 Equity Shares at Rs. 86 Each on Preferential Basis, Raising Rs. 19,13,50,000
The Board has allotted 22,25,000 equity shares of Rs. 10 face value at Rs. 86 each (premium Rs. 76), totalling Rs. 19,13,50,000, on a preferential basis for cash.
By ScoutQuest · · 2 min read
- Shares Allotted
- 22,25,000 equity shares
- Allotment Price
- Rs. 86 per share (face value Rs. 10, premium Rs. 76)
- Total Capital Raised
- Rs. 19,13,50,000
- Paid-up Capital Increase
- From Rs. 20,49,400 to Rs. 2,42,99,400
- Promoter Shareholding Change
- From 78.71% to 64.81%
What happened
At its meeting on September 25, 2026, the Board considered and allotted 22,25,000 equity shares of face value Rs. 10 each, for cash, at Rs. 86 per share, which includes a share premium of Rs. 76 per share. The total money raised is Rs. 19,13,50,000. The allotment is on a preferential basis (private placement) and follows shareholder approval given by postal ballot through remote e-voting on July 27, 2026, and receipt of application money.
Who received the shares
- RIDDHI INFOCOM SOLUTIONS LLP (Promoter) — 634800 shares
- ALPITKUMAR PRAVINCHANDRA GOR (Promoter) — 778750 shares
- MAN MACHINE MENTORS LLP (Non-Promoter) — 201000 shares
- WINDFIELD PROJECTS LLP (Non-Promoter) — 314450 shares
- ARMITA ADS LLP (Non-Promoter) — 296000 shares
Total allottees: 5.
Effect on share capital
Issued, subscribed and paid-up equity capital increases from Rs. 20,49,400 (2,04,940 shares) to Rs. 2,42,99,400 (24,29,940 shares). This is a very substantial expansion of the equity base, since the newly issued shares are many times the pre-issue count. Existing shareholders who did not participate will see their proportional ownership fall accordingly, though the shares were issued at a premium over face value.
Shareholding pattern shift
- Promoter & Promoter Group: 161307 shares (78.71%) before, 1574857 shares (64.81%) after
- Public: 43633 shares (21.29%) before, 855083 shares (35.19%) after
Other terms
The shares allotted on a preferential basis rank pari-passu with the existing equity shares in all respects. The Board meeting commenced at 04:30 P.M. and concluded at 05:15 P.M.
How investors may read it
The company has brought in fresh cash of Rs. 19,13,50,000, with promoters themselves subscribing to 13,13,550 of the shares, which some investors view as commitment. At the same time, the share count grows sharply, so per-share metrics will be spread over a much larger base. Promoter percentage holding reduces even though their absolute shareholding rises.
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More numbers
- Equity shares allotted22,25,000 Equity Shares
- Face value per shareRs. 10/- each
- Issue price per shareRs. 86/- per Equity Share
- Share premium per shareRs. 76 per Equity Share
- Total issue sizeRs. 19,13,50,000/-
- Post-issue paid-up capitalRs. 2,42,99,400/-
- Post-issue share count24,29,940 equity shares
- Pre-issue paid-up capitalRs. 20,49,400/-
- Pre-issue share count2,04,940 equity shares
- Promoter holding pre-issue78.71
- Promoter holding post-issue64.81
- Public holding post-issue35.19
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