Board approves allotment of 1 crore convertible warrants to promoter at Rs. 18.51 each
The Board, on October 01, 2026, approved the allotment of 1,00,00,000 convertible warrants on a preferential basis.
- Number of warrants allotted
- 1,00,00,000 (One Crore) convertible warrants
- Issue price per warrant
- Rs. 18.51
- Total amount raised
- Approximately Rs. 18.51 Crores
- Allottee
- Mr. Sunil Kumar Jain, Promoter of the Company
- Board approval date
- October 01, 2026
What was approved
The Board of Directors approved the allotment of 1,00,00,000 (One Crore) convertible warrants on a preferential basis.
- Issue price: Rs. 18.51 per warrant
- Total size: approximately Rs. 18.51 Crores
- Allottee: Mr. Sunil Kumar Jain, Promoter of the Company
What a convertible warrant is
A warrant gives the holder the right to convert it into an equity share later, on the terms set at issue. In a preferential issue, the securities are offered to selected identified persons rather than to the public.
How investors may read it
Promoter participation in a preferential issue is often seen as promoter commitment, since the funds come into the company from a promoter. At the same time, when the warrants are converted into shares, the total number of shares rises, which can dilute the shareholding percentage of existing public shareholders.
Meeting details
The Board meeting was held on Thursday, October 01, 2026, commencing at 1100 Hours and concluding at 1145 Hours. The update was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
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More numbers
- Convertible warrants allotted1,00,00,000 (One Crores)
- Issue price per warrantRs. 18.51 per warrants
- Aggregate allotment valueRs. 18.51 Crores
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