Shareholders approve preferential issue of up to 1.37 crore convertible warrants at Rs. 13/- each
Members of Dev Labtech Venture have approved a preferential issue of up to 1.37 crore Convertible Warrants at Rs. 13/- each, aggregating Rs. 17.81 crore.
By ScoutQuest · · 2 min read
- Warrants Approved
- up to 1.37 crore Convertible Warrants at Rs. 13/- each
- Issue Size
- aggregating Rs. 17.81 crore
- Post-Allotment Shareholding
- Promoter/Promoter Group 61.64% and Non-Promoter 38.36%
What has been approved
- In an Extra Ordinary General Meeting held on 5th November, 2026, members approved the issue of up to 1.37 crore Convertible Warrants to Promoter/Promoter Group and Non-Promoters of the Company on a preferential basis.
- Issue price is Rs. 13/- per warrant, aggregating Rs. 17.81 crore, to be paid in cash.
- Each warrant is exercisable into 1 equity share of face value of Rs. 5/- each, with a premium of Rs. 8/- per share.
- The warrants carry a tenor of 18 months from the date of allotment and are convertible in one or more tranches.
Who is subscribing
There are 7 investors in total.
- Donda Jerambhai Lavjibhai (Promoter): 27,00,000 warrants, Rs. 3,51,00,000/-
- Donda Labhuben Jerambhai (Promoter): 27,00,000 warrants, Rs. 3,51,00,000/-
- Jaykumar J Donda (Promoter): 26,96,000 warrants, Rs. 3,50,48,000/-
- Donda Jerambhai Lavjibhai HUF (Promoter Group): 26,96,000 warrants, Rs. 3,50,48,000/-
- Vanrajsinh Boghubha Sarvaiya (Non-Promoter): 14,16,000 warrants, Rs. 1,84,08,000/-
- Rajendrasinh Hathisinh Sarvaiya (Non-Promoter): 14,16,000 warrants, Rs. 1,84,08,000/-
- Sachin Madhusudan Chhatre (Non-Promoter): 76,000 warrants, Rs. 9,88,000/-
Shareholding after allotment
- Promoter/Promoter Group: 61.64%
- Non-Promoter: 38.36%
How to read this
- This is a preferential allotment of convertible warrants, not a public offer. The money comes from a small, named set of investors, four of whom are promoter/promoter group and three are non-promoters.
- A warrant is not a share today. It becomes a share when converted, and conversion is allowed in one or more tranches within the 18-month tenor. The equity share count therefore rises as and when conversion happens.
- The document describes the post-allotment shareholding as 61.64% promoter/promoter group and 38.36% non-promoter. The warrant holders pay Rs. 13/- per warrant against a face value of Rs. 5/- plus a premium of Rs. 8/-.
- The issue is subject to the terms stated in the update and is being done under Chapter V of the SEBI ICDR Regulations.
What to keep an eye on
- Whether and when the warrants are converted into shares, since the update allows conversion in tranches over the tenor.
- The shareholding pattern, as the allotment of warrants and later conversion changes the promoter and non-promoter split.
This note only explains what the update says. It is not a view on the company or its shares.
Also from Dev Labtech Venture
Shareholders approve raising authorised share capital to Rs. 31,00,00,000
5 Nov 2026
EGM: increase in authorised share capital and convertible warrants placed before members for approval
5 Nov 2026
Board meeting on 6 November 2026 to consider half-year results
30 Oct 2026
More numbers
- Convertible warrants to be issued1,37,00,000
- Issue price per warrantRs. 13/-
- Aggregate issue sizeRs. 17,81,00,000/-
- Face value per equity shareRs. 5/-
- Warrant tenor18 months
- Number of investors7
- Promoter/Promoter Group shareholding post allotment61.64%
- Non-promoter shareholding post allotment38.36%
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.