45,19,663 Warrants Converted into Equity Shares at ₹18 Each; Paid-up Capital Rises
Board approved allotment of 45,19,663 equity shares on conversion of an equal number of warrants at ₹18 each (₹5 face value + ₹13 premium).
By ScoutQuest · · 1 min read
- Shares Allotted on Warrant Conversion
- 45,19,663 equity shares
- Conversion Price Per Share
- ₹18 each (₹5 face value + ₹13 premium)
- Balance Amount Received
- ₹6,10,15,450.50 at ₹13.5 per warrant
- Paid-up Capital After Allotment
- ₹25,46,17,235 (5,09,23,447 shares)
- Warrants Pending Conversion
- 3,29,08,031 warrants eligible within 18 months
What happened
The Board, through a circular resolution, approved the allotment of 45,19,663 equity shares on conversion of an equal number of equity warrants issued earlier on a preferential basis.
Money terms
- Issue price ₹18 per share (face value ₹5 plus premium ₹13).
- Warrant holders had paid ₹4.5 per warrant (25%) at allotment on June 05, 2026.
- Balance ₹13.5 per warrant (75%) has now been received, aggregating ₹6,10,15,450.50.
- Of ₹6,10,15,500.00 received, ₹49.50 is to be refunded towards fractional entitlement adjustment.
Who got the shares
There are 12 allottees. Three belong to the Promoter Group — Tyra, Tyrus and Thea Richard Theknath — each allotted 12,35,555 shares, taking each to 2.43% of post-allotment capital from nil. The rest are non-promoters, the largest being Shrawan Kumar Babulal Jajodia with 3,33,333 shares (0.65%) and Jayesh Modi at 1,56,250 shares (0.31%).
Effect on capital
Paid-up equity capital rises from ₹23,20,18,920 (4,64,03,784 shares of ₹5 each) to ₹25,46,17,235 (5,09,23,447 shares of ₹5 each). The new shares rank pari-passu with existing shares and will be listed on BSE and NSE upon receipt of listing approval.
What remains
Out of 3,74,27,694 warrants allotted on June 05, 2026, 3,29,08,031 warrants are still held by warrant holders and are eligible for conversion within 18 months from the date of warrant allotment.
How to read it
The company receives fresh funds from the conversion, while the share count increases, which dilutes the proportionate holding of existing shareholders. Promoter Group members are entering the shareholding through this route. A sizeable pool of warrants remains outstanding, so further conversions and further increases in share count are possible within the conversion window.
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More numbers
- Warrants converted / shares allotted45,19,663
- Issue price per share₹18/-
- Premium per share₹13/-
- Amount received on conversion₹6,10,15,450.50
- Amount paid at warrant allotment (25%)₹4.5/- per warrant
- Balance amount per warrant (75%)₹13.5 per warrant
- Pre-allotment paid-up capital₹23,20,18,920/-
- Post-allotment paid-up capital₹ 25,46,17,235/-
- Shares outstanding after allotment5,09,23,447
- Total warrants allotted on June 05, 20263,74,27,694
- Warrants pending conversion3,29,08,031
- Holding of each of three Promoter Group allottees2.43%
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