Board allots 34,00,000 equity shares on conversion of warrants at Rs. 12.50 each
Board approved allotment of 34,00,000 equity shares on conversion of 34,00,000 warrants at Rs. 12.50 per share (face value Rs. 10.00, premium Rs. 2.50).
By ScoutQuest · · 1 min read
- Warrant Conversion Allotment
- 34,00,000 equity shares on conversion of 34,00,000 warrants at Rs. 12.50 per share
- Issue Price Details
- Face value Rs. 10.00, premium Rs. 2.50 per share
- Cash Received
- Balance 75.00% (Rs. 9.375 each) received, totalling Rs. 3,18,75,000
- Non-Promoter Allottees
- Vacro Enterprises and Qmin Realities, 17,00,000 shares each, 24.76% holding each post-issue
- Paid-up Capital Change
- Increases from 34,65,900 to 68,65,900 shares
What happened
The Board, at its meeting held on 25th September, 2026, approved the allotment of 34,00,000 fully paid-up equity shares on conversion of 34,00,000 convertible warrants that were allotted on February 26, 2026.
Pricing and money received
- Issue price Rs. 12.50/- per share, being face value Rs. 10.00/- plus premium Rs. 2.50/-.
- Warrant holders had already paid 25% upfront, aggregating Rs. 1,06,25,000.
- Balance exercise price of Rs. 9.375/- each (75.00% of the warrant price) has now been received, aggregating Rs. 3,18,75,000/-, in tranches of Rs. 2,76,25,000 and 42,50,000.
Who got the shares
- Vacro Enterprises Private Limited, Non-Promoter: 17,00,000 shares, post-issue holding 24.76%.
- Qmin Realities Private Limited, Non-Promoter: 17,00,000 shares, post-issue holding 24.76%.
Both held nil shares before this allotment.
Effect on capital
- Existing paid-up equity: 34,65,900 shares (Rs. 3,46,59,000).
- Post-allotment paid-up equity: 68,65,900 shares.
The share count roughly doubles, so existing shareholders' percentage holdings get diluted, while the company receives cash. The new shares rank pari-passu with existing equity shares.
Next step
The company will apply to the stock exchange for listing and trading approval of the newly allotted shares in due course.
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More numbers
- Equity shares allotted34,00,000
- Warrants converted34,00,000
- Issue price per shareRs. 12.50/-
- Face value per shareRs. 10.00/-
- Premium per shareRs. 2.50/-
- Balance exercise price per warrantRs. 9.375/-
- Balance amount receivedRs. 3,18,75,000/-
- Upfront 25% consideration received1,06,25,000
- Existing paid-up shares34,65,900
- Post-allotment paid-up shares68,65,900
- Vacro Enterprises post-issue holding24.76
- Qmin Realities post-issue holding24.76
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