15,00,000 Equity Shares Allotted on Conversion of Promoter Warrants
The Board approved conversion of 15,00,000 warrants into 15,00,000 equity shares of ₹10 face value, allotted to Promoter & MD Mrs. Deepa Kishor Tracy on September 24, 2026.
By ScoutQuest · · 1 min read
- Warrants Converted
- 15,00,000 warrants into 15,00,000 equity shares
- Face Value per Share
- ₹10
- Balance Amount Paid
- ₹1,50,00,000
- Original Warrant Issue Price
- Rs. 20/- each (premium Rs. 10/-)
- New Paid-up Capital
- Rs. 37,38,62,240 (3,73,86,224 shares)
What happened
The Board, by circulation on September 24, 2026, approved conversion of 15,00,000 warrants into 15,00,000 equity shares of face value ₹10 each, and allotted them to Mrs. Deepa Kishor Tracy, Promoter and Managing Director (resident, single investor).
Money involved
- Warrants were issued at Rs. 20/- each, including a premium of Rs. 10/-.
- Total issue: 45,00,000 warrants aggregating Rs. 9,00,00,000, allotted on April 08, 2026.
- 50% was paid on application: Rs. 4,50,00,000.
- For this tranche, the balance ₹10/- per warrant was received, aggregating ₹1,50,00,000.
Capital impact
After this allotment, paid-up share capital rises to Rs. 37,38,62,240, comprising 3,73,86,224 equity shares of Rs. 10/- each, fully paid up.
What is still pending
Each warrant is exercisable into 1 equity share, and warrants may be exercised in one or more tranches no later than 18 months from their date of allotment. 30,00,000 of the 45,00,000 warrants therefore remain outstanding.
How to read it
The promoter is putting fresh money into the company at the agreed warrant price, which raises her shareholding and adds cash to the company. At the same time, the total share count increases, which spreads earnings over more shares.
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More numbers
- Warrants converted / shares allotted15,00,000
- Balance consideration received₹1,50,00,000/-
- Balance per warrant₹10/- per Warrant
- Total warrants issued45,00,000
- Warrant issue priceRs. 20/- each
- Premium per warrantRs.10/-
- Aggregate warrant considerationRs. 9,00,00,000
- Upfront amount paid on applicationRs. 4,50,00,000
- Face value per share₹10/- each
- Post-allotment paid-up capitalRs. 37,38,62,240
- Post-allotment equity shares3,73,86,224 Equity Shares
- Warrant exercise period18 months
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