Allotment of 59,41,500 equity shares on conversion of warrants

Ecoboard Industries allotted 59,41,500 fully paid-up equity shares of face value ₹10/- each at an issue price of ₹30/- on conversion of an equal number of warrants.

Thu 8 Oct 2026

Equity Shares Allotted

59,41,500 fully paid-up equity shares of face value ₹10/- each

Issue Price

₹30/- per share (including premium of ₹20/- per share)

Balance Issue Price Received

Rs. 22.50/- per warrant, aggregating to ₹133683750/-

Post-Allotment Paid-up Capital

32348240 equity shares, amounting to ₹323482400/-

Warrants Lapsed

6,500 warrants

Warrant conversion and allotment

The company has allotted 59,41,500 fully paid-up equity shares of face value ₹10/- each to warrant holders in the Non-Promoter-Public category. The shares were issued at an issue price of ₹30/- per share, including a premium of ₹20/- per share, on conversion of an equal number of convertible warrants.

On conversion, the company received the balance portion of the issue price at Rs. 22.50/- per warrant, aggregating to ₹133683750/-. The warrants were allotted earlier on receipt of part of the subscription money, and the holders have now paid the remaining amount.

The allotment was considered and approved by the Board of Directors through a circular resolution passed on 08 October 2026.

Who received the shares

• The allottees are listed individually in the update and all belong to the Non-Promoter-Public category.
• They include individuals, Hindu Undivided Families, partnership firms and LLPs.
• The allottee list is given as Table A in the update.

Effect on share capital

• The newly allotted shares rank pari-passu with the existing equity shares of the company in all respects.
• Post allotment, the paid-up equity share capital is 32348240 equity shares of Rs. 10 each, amounting to ₹323482400/-.
• The company states it will apply for listing and trading approval of the newly allotted shares in due course of time.

Warrants that lapsed

• 6,500 warrants have lapsed, as those holders did not exercise the option to convert them into equity shares.

What this means in simple terms

• Warrants are instruments that let the holder buy a share later at a fixed price; on conversion, the holder pays the balance amount and gets shares.
• So the number of equity shares in issue goes up by 59,41,500, and the company has received ₹133683750/- as the balance payment.
• The shares are being issued to non-promoter investors, so the composition of shareholding changes accordingly.

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