Committee approves allotment of 14,00,000 equity shares on conversion of warrants

Preferential Issue Committee met on 8th October, 2026 and approved allotment of 14,00,000 equity shares of face value ₹10/- each.

Thu 8 Oct 2026

Equity Shares Allotted

14,00,000 equity shares of face value ₹10/- each

Balance Consideration Received

₹147/- per Warrant, aggregating to ₹20,58,00,000/-

Paid-up Equity Share Capital

rises from ₹86,71,15,580/- to ₹86,96,15,580/-

What the update says

The Preferential Issue Committee of the Board of Ind-Swift Laboratories Limited met on Thursday, 8th October, 2026, from 06:00 P.M. to 06:15 P.M., and approved the allotment of 14,00,000 equity shares of face value of ₹10/- each. These shares were issued on conversion of 14,00,000 Fully Convertible Warrants.

The allotment in numbers

• Allottee: Essix Biosciences Limited, belonging to the Promoter & Promoter Group.
• Equity shares allotted on conversion: 14,00,000.
• Warrants converted: 14,00,000 Fully Convertible Warrants.
• These are out of the 70,00,000 Warrants allotted on 17th September, 2026 at an issue price of ₹196/- per Warrant.
• Issue price / allotted price per equity share: Rs. 196/-.
• Basis of issue: preferential allotment to an entity in the Promoter & Promoter Group.

The money received

• The conversion happened after the balance 75% consideration of ₹147/- per Warrant was received.
• That balance amount aggregates to ₹20,58,00,000/- (Rupees Twenty Crore Fifty-Eight Lakh only).
• The nature of consideration is cash.

How the share capital changes

• Before this allotment, the paid-up equity share capital was ₹86,71,15,580/-, comprising 8,67,11,558 equity shares of face value of ₹10/- each.
• After this allotment, the paid-up equity share capital is ₹86,96,15,580/-, comprising 8,69,61,558 equity shares of face value of ₹10/- each.
• The change reflects the 14,00,000 fresh shares issued to the promoter group entity.

What a retail investor may note

• The company has received cash of ₹20,58,00,000/- as the balance subscription amount against these warrants, and the shares have now been issued.
• The shares go to an entity belonging to the Promoter & Promoter Group, so the promoter group's holding increases by the shares allotted.
• The total number of equity shares in the company is now higher than before, which is why the paid-up capital figure has moved up.
• This allotment covers the 14,00,000 Warrants converted, out of the 70,00,000 Warrants allotted on 17th September, 2026 at ₹196/- per Warrant.

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