5,78,720 Equity Shares Allotted on Warrant Conversion Plus 4:1 Bonus Entitlement
Board approved allotment of 1,15,654 equity shares on conversion of warrants, plus 4,62,616 bonus shares (4:1), total 5,78,720 shares to 9 non-promoter allottees.
- Warrant Conversion Shares
- 1,15,654 equity shares allotted on warrant conversion
- Bonus Shares Issued
- 4,62,616 bonus shares in 4:1 proportion
- Total Shares Allotted
- 5,78,720 shares to 9 non-promoter allottees
- Capital Received
- Rs. 7,86,73,633.50 (balance 75% of Rs. 907 per warrant)
- Paid-up Capital Increase
- From Rs. 22,75,97,400 to Rs. 23,33,80,100
What happened
The Board of CWD Limited, at its meeting held on September 25, 2026 (3:30 P.M. to 4:00 P.M.), approved the allotment of equity shares on conversion of warrants issued earlier on a preferential basis.
The allotment
- 1,15,654 equity shares of face value Rs. 10 each on conversion of 1,15,654 warrants.
- An additional 4,62,616 equity shares under the bonus issue in the proportion of 4:1, approved on 24th December 2025 via postal ballot, with in-principle approval received.
- Total shares allotted: 5,78,720, to the Non-Promoters Category across 9 investors.
Money received
Warrant holders paid the balance Rs. 680.25 per warrant, being 75% of the issue price of Rs. 907 per warrant. The earlier subscription amount was Rs. 226.75 per warrant (25%). The total received on this conversion is Rs. 7,86,73,633.50.
Effect on capital
Paid-up equity capital increases from Rs. 22,75,97,400 (2,27,59,740 shares) to Rs. 23,33,80,100 (2,33,38,010 shares) of Rs. 10 each. The newly allotted shares rank pari passu with existing equity shares.
Allottees
All nine allottees are in the Public category, including Neera Gupta (2,48,070 shares, Rs. 3,37,49,923.50), Jigar Shah (55,125 shares), Ramesh Vyas, Resurgence Fincap Advisors Pvt Ltd, Kaviraj Securities Private Limited and Shubham Builwell Pvt Ltd (55,000 shares each), Sumit Maheshwari (27,575 shares), and Tumul Kumar Jain and Atul Jain (13,750 shares each). No warrants remain pending for these holders.
Still outstanding
After this allotment, 2,48,329 warrants remain pending for conversion, which could lead to further share issuance later.
How to read it
The company brings in fresh funds of Rs. 7,86,73,633.50 without borrowing, while the share count rises, which spreads earnings over a slightly larger base. Existing shareholders' proportionate holding dilutes marginally since the new shares go to non-promoter investors.
Also from CWD
Allotment of 2,48,329 Equity Shares on Warrant Conversion; 9,93,316 Bonus Shares Also Allotted
5 Oct 2026
Board allots 5,78,720 equity shares on warrant conversion plus bonus entitlement; Rs. 7,86,73,633.50 received
25 Sep 2026
More numbers
- Equity shares allotted on warrant conversion1,15,654 Equity Shares
- Bonus shares allotted4,62,616 equity shares
- Total shares allotted5,78,720
- Balance amount per warrantRs. 680.25/- per warrant
- Issue price per warrantRs. 907/-
- Subscription price per warrantRs. 226.75 per warrant
- Total amount receivedRs. 7,86,73,633.50/-
- Paid-up capital beforeRs. 22,75,97,400/-
- Paid-up capital afterRs. 23,33,80,100/-
- Total shares after allotment2,33,38,010 equity shares
- Warrants pending conversion2,48,329 warrants
- Number of investors9 (Nine)
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