Medicamen Biotech531146Preferential allotment
5 lakh equity shares allotted on preferential basis to promoter group on warrant conversion
Allotment of 5 lakh equity shares to Shivalik Rasayan Ltd (Promoter & Promoter Group) on conversion of 5 lakh fully convertible warrants.
By ScoutQuest · · 1 min read
- Equity Shares Allotted
- 5 lakh equity shares on conversion of 5 lakh fully convertible warrants
- Issue Price
- Rs. 530/- per equity share; total Rs. 26.5 crore
- Revised Paid-up Capital
- ~Rs. 14.06 crore, across ~1.41 crore shares
What was approved
- The Preferential Issue Committee of the Board met on October 23, 2026 and approved the allotment of 5 lakh equity shares on a preferential basis.
- The allotment follows conversion of 5 lakh fully convertible warrants.
- Issue price is Rs. 530/- per equity share, against a face value of Rs. 10/- each, received for cash.
- Aggregate amount: Rs. 26.5 crore.
The allottee
- The entire 5 lakh equity shares have gone to a single entity, Shivalik Rasayan Limited.
- The update places this allottee in the Promoter & Promoter Group category.
Where the share capital stands now
- Paid-up equity share capital has increased to ~Rs. 14.06 crore.
- This is made up of ~1.41 crore equity shares of face value Rs. 10/- each.
- The fresh 5 lakh shares are now part of that paid-up base.
How to read this
- Warrants that were earlier issued have now been converted into equity shares, so money against them comes into the company as share capital and securities premium (issue price Rs. 530/- versus face value Rs. 10/-).
- Because the shares are issued to a promoter group entity, the promoter group's holding in the company goes up proportionately with this allotment.
- An increase in the number of shares means each existing share represents a slightly smaller slice of the company unless that shareholder also subscribes.
- The meeting of the Preferential Issue Committee commenced at 11.00 AM and concluded at 11.45 AM.
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More numbers
- Equity shares allotted5,00,000
- Issue price per equity shareRs. 530/-
- Aggregate amountRs. 26,50,00,000/-
- Paid-up equity share capital after allotmentRs. 14,06,28,150/-
- Total equity shares after allotment1,40,62,815
- Face value per equity shareRs. 10/-
- Fully convertible warrants converted5,00,000
Source: BSE · 23 Oct 2026
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