Full conversion of 2,34,82,500 warrants into equity at Rs. 73.50; Rs. 129.45 crore balance received

Board approved allotment of 2,34,82,500 equity shares of Rs. 10 face value at Rs. 73.50 each, on conversion of warrants issued in March 2025.

Tue 29 Sep 2026

Warrant Conversion

2,34,82,500 equity shares of Rs. 10 face value at Rs. 73.50 each

Amount Received

Rs. 129.45 crore (balance 75%)

Issue Price

Rs. 73.50 per share

Promoter Shareholding

Nearly 75%

Fund Utilization

Capital commitments, new parks/attractions and indoor entertainment scaling

What happened

The Board approved allotment of 2,34,82,500 fully paid-up equity shares of face value Rs. 10 each at an issue price of Rs. 73.50 per share, on conversion of convertible warrants originally allotted on a preferential basis in March 2025.

Money received

• Warrants were issued to the promoter and identified non-promoter investors with 25% of the consideration paid upfront.
• The balance 75% subscription amount of Rs. 129.45 crore has now been received.
• Conversion is 100% complete, with no warrants remaining outstanding.

Shareholding

The promoter group continues to maintain a shareholding of nearly 75% in the company. The company describes the issue price as being at a premium to the current market price.

Use of funds

• Meeting existing capital commitments.
• Growth across the parks portfolio, including expansion into new geographies.
• Addition of new attractions and experiences.
• Scaling up the indoor entertainment business.

What it means for investors

Fresh equity shares are being added to the capital base, which increases the total share count, while the company receives cash that strengthens its funding position for planned capex. Management comments point to deployment towards portfolio expansion; actual outcomes depend on execution.

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