ELEiko Lifesciences540204Preferential allotment

Board approves allotment of 1.5 lakh equity shares on conversion of warrants

Board approved allotment of 1.5 lakh equity shares on conversion of 1.5 lakh warrants.

By ScoutQuest · Fri 16 Oct 2026, 7:33 PM IST · 2 min read

Issue Price

Rs. 55/- per share, including a premium of Rs. 45/- each

Shares Allotted on Warrant Conversion

1.5 lakh equity shares on conversion of 1.5 lakh warrants

Amount Received

~Rs. 61.88 lakh (75% of the issue price per warrant)

Board approves allotment of equity shares on conversion of warrants The Board of Directors of the company, by circular resolution on Friday, 16th October, 2026, considered and approved the allotment of equity shares on conversion of 1.5 lakh (One Lakh Fifty Thousand) warrants into 1.5 lakh (One Lakh Fifty Thousand) equity shares, at an issue price of Rs. 55/- (Rupees Fifty-Five only) per share, including a premium of Rs. 45/- each, on a preferential basis.

Who received the shares

• Name of allottee: Lenus Finvest Private Limited
• Category: Promoter
• Number of allottees: 1
• Warrants held prior to conversion: 1,50,000; warrants applied for conversion: 1,50,000; equity shares allotted: 1,50,000; warrants pending for conversion with this allottee: NIL

How the payment worked

• The warrants were allotted on 24th February, 2026, carrying a right to subscribe to one equity share per warrant on receipt of Rs. 13.75/- per warrant, being 25% of the issue price per warrant
• At the time of subscription and allotment of each warrant, an amount equivalent to 25% of the warrant issue price had been received
• The balance 75% of the warrant issue price has now been received at the time of exercise of the option of conversion into equity shares, at Rs. 41.25 per warrant
• Amount received on this conversion: ~Rs. 61.88 lakh (Rupees Sixty One Lakh Eighty Seven Thousand Five Hundred Only), being 75% of the issue price per warrant at the rate of Rs. 55/- per warrant

Shareholding before and after

• Pre-issue: 25,40,472 shares, or 17.34%
• Post-issue: 26,90,472 shares, or 18.18%

What the share capital looks like now

• Paid-up equity share capital stands increased to ~Rs. 14.8 crore (Rupees Fourteen Crore Eighty Lakh Eight Thousand Five Hundred Forty only)
• This consists of ~1.48 crore fully paid-up equity shares of Rs. 10/- each
• The new equity shares so allotted shall rank pari-passu with the existing equity shares of the company

Still pending

• No warrants remain pending for conversion by the allottee, i.e. Lenus Finvest Private Limited
• Total warrants remaining pending for conversion: 24,95,000

Reading this as a retail investor

• A warrant is a right to buy a share later at a price fixed in advance; it is not a share at the time it is issued. When the holder pays the balance and exercises that right, the warrants are converted and actual shares are issued
• Here the promoter entity paid the remaining 75% and received 1.5 lakh equity shares at Rs. 55/- each
• Because fresh shares are issued, the total number of shares in the company goes up. That raises the promoter's share count from 25,40,472 to 26,90,472 and the promoter's stake from 17.34% to 18.18%
• The issue price, the number of shares issued and the resulting change in shareholding are the figures to track, since they show how the company's share base and ownership pattern are changing
• A further 24,95,000 warrants remain pending for conversion, which would add to the share count if and when they are exercised

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.

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