Board allots 5,78,720 equity shares on warrant conversion plus bonus entitlement; Rs. 7,86,73,633.50 received
Board approved allotment of 1,15,654 equity shares (Rs.
- Equity Shares Allotted on Warrant Conversion
- 1,15,654 equity shares of Rs. 10 face value
- Bonus Shares Issued
- 4,62,616 bonus shares at 4:1 ratio
- Total Shares Allotted
- 5,78,720 shares
- Cash Received from Warrant Conversion
- Rs. 7,86,73,633.50 (at Rs. 680.25 per warrant)
- Paid-up Capital After Allotment
- Rs. 23,33,80,100 (2,33,38,010 shares)
What was decided
The Board, at its meeting on September 25, 2026 (3:30 P.M. to 4:00 P.M.), approved a preferential allotment of equity shares to warrant holders who exercised conversion.
The allotment
- 1,15,654 equity shares of Rs. 10 face value on conversion of 1,15,654 warrants.
- An additional 4,62,616 equity shares under the bonus issue in the 4:1 proportion (4 new shares for every 1 share) approved on December 24, 2025 via postal ballot, for which in-principle approval has been received.
- Total shares allotted: 5,78,720.
- All allottees are in the Non-Promoter / Public category.
Money received
- Issue price per warrant: Rs. 907; subscription price already paid was Rs. 226.75 (25%).
- Balance now received on conversion: Rs. 680.25 per warrant (75%).
- Aggregate amount received: Rs. 7,86,73,633.50.
Capital structure
- Paid-up capital moves from Rs. 22,75,97,400 (2,27,59,740 shares) to Rs. 23,33,80,100 (2,33,38,010 shares).
- New shares rank pari passu with existing equity shares.
Allottees (shares allotted / amount received)
- Neera Gupta: 2,48,070 shares, Rs. 3,37,49,923.50
- Jigar Shah: 55,125 shares, Rs. 74,99,756.25
- Ramesh Vyas: 55,000 shares, Rs. 74,82,750.00
- Resurgence Fincap Advisors Pvt Ltd: 55,000 shares, Rs. 74,82,750.00
- Kaviraj Securities Private Limited: 55,000 shares, Rs. 74,82,750.00
- Shubham Builwell Pvt Ltd: 55,000 shares, Rs. 74,82,750.00
- Sumit Maheshwari: 27,575 shares, Rs. 37,51,578.75
- Tumul Kumar Jain: 13,750 shares, Rs. 18,70,687.50
- Atul Jain: 13,750 shares, Rs. 18,70,687.50
Number of investors: 9. None of these holders have warrants pending.
Still outstanding
After this allotment, 2,48,329 warrants remain pending for conversion, which could lead to further share issuance if converted.
How to read this
The company brings in fresh funds of Rs. 7,86,73,633.50 without borrowing. At the same time, the share count rises, so existing shareholders' proportionate holding is diluted slightly. The bonus-linked shares reflect the 4:1 bonus entitlement attached to the converted warrants rather than new money.
Also from CWD
Allotment of 2,48,329 Equity Shares on Warrant Conversion; 9,93,316 Bonus Shares Also Allotted
5 Oct 2026
5,78,720 Equity Shares Allotted on Warrant Conversion Plus 4:1 Bonus Entitlement
25 Sep 2026
More numbers
- Shares allotted on warrant conversion1,15,654 Equity Shares
- Bonus shares allotted4,62,616 equity shares
- Total shares allotted5,78,720
- Balance received per warrantRs. 680.25/- per warrant
- Issue price per warrantRs. 907/- per warrant
- Subscription price per warrantRs. 226.75 per warrant
- Aggregate 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)
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.