2,34,82,500 Equity Shares Allotted on Conversion of Warrants at ₹73.50; ₹129.44 Crore Balance Received
Board approved allotment of 2,34,82,500 equity shares (face value ₹10) at ₹73.50 each on conversion of warrants issued in March 2025.
- Shares Allotted
- 2,34,82,500 equity shares at ₹73.50 per share
- Balance Consideration Received
- ₹1,29,44,72,812.50
- Total Subscription Amount
- ₹172,59,63,750
- Paid-up Capital
- ₹5,89,34,39,470 (58,93,43,947 shares)
- Promoter Stake Change
- 74.02% to 73.95%
What happened
The Board, by resolutions passed through circulation on September 24, 2026, approved the allotment of 2,34,82,500 fully paid equity shares of face value ₹10 each at an issue price of ₹73.50 per share (including securities premium of ₹63.50 per share) on a preferential basis. These shares come from the conversion of convertible warrants allotted in March 2025, after the company received the balance 75% of the subscription amount.
Money received
- Balance consideration received: ₹1,29,44,72,812.50, being the remaining 75% of the aggregate consideration
- Total consideration/subscription amount across allottees: ₹172,59,63,750
Who got the shares
- Malpani Parks Private Limited (Promoter): 1,70,06,800 shares for 124,99,99,800
- Cybage Software Private Limited: 20,40,800 shares for 14,99,98,800
- Mr. Gopikishan S. Damani: 17,00,600 shares for 12,49,94,100
- AFOUR Enterprises: 6,93,800 shares for 5,09,94,300
- ZAPFIN Teknologies Private Limited: 6,80,200 shares for 4,99,94,700
- Shridatta Trading and Investment Private Limited: 5,10,200 shares for 3,74,99,700
- Aymara Holdings: 3,40,100 shares for 2,49,97,350
- Ratnatraya Holdings: 1,70,000 shares for 1,24,95,000
- Ms. Shilpa Ajay Shah: 1,70,000 shares for 1,24,95,000
- Ms. Nita Shailesh Shah: 1,70,000 shares for 1,24,95,000
Total investors: 10. Warrants pending conversion for each allottee: 0.
Effect on capital and holdings
Issued, subscribed and paid-up equity capital now stands at ₹5,89,34,39,470 consisting of 58,93,43,947 fully paid-up shares of ₹10 each.
- Promoter Malpani Parks: 41,88,25,376 shares (74.02%) before, 43,58,32,176 shares (73.95%) after
- Cybage Software: 1.82% before, 2.09% after
- Mr. Gopikishan S. Damani: 0.30% before, 0.58% after
How to read this
When warrants convert, the company receives cash and issues fresh shares, so the total share count rises and existing holdings are diluted in percentage terms. Here the company has received the full balance money and no warrants are left outstanding from this issue. The new shares will rank pari-passu with existing shares and will be listed on BSE and NSE upon receipt of listing approval.
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More numbers
- Equity shares allotted2,34,82,500
- Issue price per share₹ 73.50
- Face value per share₹ 10/-
- Securities premium per share₹ 63.50
- Total subscription amount172,59,63,750
- Balance 75% consideration received₹1,29,44,72,812.50
- Shares allotted to promoter Malpani Parks1,70,06,800
- Consideration from Malpani Parks124,99,99,800
- Paid-up equity capital post allotment₹5,89,34,39,470/-
- Total shares post allotment58,93,43,947
- Promoter stake pre-issue74.02
- Promoter stake post allotment73.95
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