Allotment of 2,48,329 Equity Shares on Warrant Conversion; 9,93,316 Bonus Shares Also Allotted

2,48,329 equity shares of Rs. 10 each allotted on conversion of 2,48,329 warrants at Rs. 907 per warrant.

Mon 5 Oct 2026

Shares allotted on warrant conversion

2,48,329 equity shares of Rs. 10 each allotted on conversion of 2,48,329 warrants

Warrant conversion price

Rs. 907 per warrant

Bonus shares allotted

9,93,316 bonus shares allotted in the 4:1 bonus issue approved on 24th December 2025

Balance received on warrants

Rs. 680.25 per warrant, aggregating Rs. 16,89,25,802.25

Paid-up capital

rises from Rs. 23,39,30,750 to Rs. 24,63,47,200 (2,46,34,720 shares)

Board meeting outcome

CWD Ltd informed the exchanges that its Board of Directors, in a meeting held on October 05, 2026, approved the allotment of equity shares on conversion of warrants, along with an additional allotment of bonus equity shares.

Warrant conversion: what was allotted

• 2,48,329 equity shares of face value Rs. 10 each were allotted on conversion of 2,48,329 warrants, at an issue price of Rs. 907 per warrant.
• The balance of Rs. 680.25 per warrant, being the conversion price, was received, aggregating to Rs. 16,89,25,802.25.
• The Board outcome describes this preferential allotment as being to the Non-Promoters Category.

Bonus shares

• A further 9,93,316 equity shares of face value Rs. 10 each were allotted under the bonus issue in the proportion of 4:1, approved on 24th December 2025 through a postal ballot, with the required in-principle approval received.
• Taken together with the conversion shares, the annexure to the update shows 12,41,645 equity shares allotted.

Who received the shares

• The update states the number of investors is 12.
• Annexure A names each allottee with its category and sets out the amount received against each. Names in the list include Tejas Ramniklal Kothari, Siddhartha Xavier, SVAN Investment Manager LLP, Marigold Partners, Bodhivriksha Advisors LLP, Satya Foundation and others.
• The annexure records that the equity shares allotted on conversion rank pari passu with the existing equity shares of the company.

What changes in the share capital

• Paid-up share capital moves from Rs. 23,39,30,750 to Rs. 24,63,47,200.
• After the allotment the company has 2,46,34,720 equity shares of face value Rs. 10 each fully paid up.
• Post this allotment, no warrants remain pending for conversion.

How this kind of update reads

• This is an allotment of securities disclosure. Shares are being issued on conversion of warrants that were already approved, and the balance subscription money for them has been received.
• A bonus issue gives existing shareholders additional shares in the stated proportion and increases the number of shares in issue.
• The conversion also adds to the number of shares outstanding, so the company's equity base becomes larger than before.

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