Board approves allotment of 20,00,00,000 equity shares on conversion of Fully Convertible Equity Warrants
Board approved allotment of 20,00,00,000 equity shares of face value INR 1/- each on conversion of 20,00,00,000 Fully Convertible Equity Warrants issued at INR 4.00/- per warrant.
By ScoutQuest · · 1 min read
- Equity Shares Allotted
- 20,00,00,000 equity shares of face value INR 1/- each
- Issue Price per Warrant
- INR 4.00/- per warrant
- Paid-up Equity Share Capital
- rises from INR 65 lakh to INR 20.65 crore
Board meeting outcome
The Board of Directors, at its meeting held on Wednesday, October 14, 2026, considered and approved the allotment of 20,00,00,000 equity shares of face value INR 1/- each, pursuant to conversion of 20,00,00,000 Fully Convertible Equity Warrants.
Where these shares came from
- The warrants had been allotted on a preferential basis at an issue price of INR 4.00/- per warrant to persons belonging to the Promoter and Non-Promoter category.
- They were allotted between August 10, 2026 and August 18, 2026.
Who received the shares
- Patel Vandanaben Hiteshkumar (Promoter Group): 2,50,00,000 equity shares
- Rinkal J Patel (Promoter Group): 2,50,00,000 equity shares
- Manjulaben Bharathbhai Patel (Non-Promoter): 3,75,00,000 equity shares
- Patel Sureshkumar R (Non-Promoter): 3,75,00,000 equity shares
- Patel Vinodhbhai Ramabhai (Non-Promoter): 3,75,00,000 equity shares
- Krishnaben Rajendrakumar Patel (Non-Promoter): 3,75,00,000 equity shares
What changes in the share capital
- Before the allotment: paid-up equity share capital of INR 65 lakh.
- After the allotment: paid-up equity share capital of INR 20.65 crore.
The allotment follows the conversion of warrants that were already issued on a preferential basis, so the equity shares now stand allotted to the allottees named above.
Also from Audroc
Board approves allotment of 20,00,00,000 equity shares on conversion of warrants
14 Oct 2026
More numbers
- Equity shares allotted pursuant to conversion of warrants20,00,00,000
- Fully Convertible Equity Warrants converted20,00,00,000
- Face value per equity shareINR 1/-
- Issue price per warrantINR 4.00/-
- Equity shares allotted to Patel Vandanaben Hiteshkumar (Promoter Group)2,50,00,000
- Equity shares allotted to Manjulaben Bharathbhai Patel (Non-Promoter)3,75,00,000
- Paid-up equity share capital before allotmentINR 65,00,000/-
- Paid-up equity share capital after allotmentINR 20,65,00,000/-
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