Allotment of 59,41,500 equity shares upon conversion of convertible warrants
Ecoboard Industries has allotted 59,41,500 fully paid-up equity shares to non-promoter warrant holders who exercised their option to convert.
- Shares Allotted
- 59,41,500 fully paid-up equity shares
- Balance Amount Received
- ₹ 133683750/-
- Paid-up Share Capital
- 26406740 to 32348240 shares
What the company informed the exchange
Ecoboard Industries had allotted 59,48,000 convertible equity warrants on April 09, 2025 at an issue price of ₹ 30/- each. Warrant holders belonging to the non-promoter public group have now exercised their option and converted 59,41,500 of those warrants, paying the balance 75% of the issue price at ₹ 22.5/- per warrant.
The balance amount received comes to ₹ 133683750/-. On 08 October 2026, the Board of Directors, through a circular resolution, approved the allotment of 59,41,500 fully paid-up equity shares, one share for each warrant converted.
- The new shares rank pari-passu with the existing equity shares, which means they carry the same rights.
- The company will apply to the stock exchange for listing and trading approval of the newly issued shares in due course.
- The allotment follows shareholder approval and the in-principle approval earlier accorded by the exchange.
How the share capital changes
- Before this allotment: 26406740 equity shares.
- After this allotment: 32348240 equity shares.
- The rise of 59,41,500 shares is exactly the number of shares just allotted.
Because the company now has more shares in existence, an existing shareholder's holding represents a smaller slice of the company than before. This effect is commonly called dilution. The money received, ₹ 133683750/-, comes to the company.
Warrants that lapsed
Out of the original 59,48,000 warrants, 6,500 were not converted and have lapsed. They were held by Jayasing Vishnu Kadam and Danduboina Suribabu.
Who received the shares
All the allottees listed are in the non-promoter public category. Among the larger names in the table are Agvida Management Services LLP, S&D Traders (Partnership Firm), 3ns Capital Ventures Private Limited, Sidpat Capital Advisors LLP, Gottumukkala Venkata Subba Lakshmi and Purna Chandravathi Chekuri.
What a retail investor can take away
The conversion of the bulk of the warrants is now complete, the company has received the balance subscription money, and the paid-up equity capital has increased from 26406740 to 32348240 shares.
Also from Ecoboard Industries
Allotment of 59,41,500 equity shares on conversion of warrants
8 Oct 2026
Allotment of 59,41,500 equity shares on conversion of convertible warrants
8 Oct 2026
More numbers
- Equity shares allotted on conversion of warrants59,41,500
- Issue price per equity share / warrant₹ 30/-
- Balance 75% of issue price paid per warrant₹ 22.5/-
- Aggregate balance amount received on conversion₹ 133683750/-
- Existing paid-up equity share capital (shares)26406740
- Post-allotment paid-up equity share capital (shares)32348240
- Warrants allotted originally59,48,000
- Warrants that lapsed6,500
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