34,00,000 equity shares allotted to promoter on conversion of warrants; Rs. 149,94,00,000 received
34,00,000 equity shares of Rs. 2/- each allotted to promoter Mr. Chaitanya Jalan on conversion of warrants issued on 14 January 2026.
- Equity shares allotted
- 34,00,000 equity shares of Rs. 2/- each
- Balance warrant price received
- Rs. 441/- per warrant, totalling Rs. 149,94,00,000/-
- Warrant issue price
- Rs. 588/- each
- New paid-up capital
- Rs. 37,11,40,034/- across 18,55,70,017 shares
- Warrants pending conversion
- Nil
What happened
The Capital Market Committee approved allotment of 34,00,000 equity shares of face value Rs. 2/- each on conversion of an equal number of warrants that were issued on a preferential basis on 14 January 2026 to promoter Mr. Chaitanya Jalan.
The money
- Warrant issue price: Rs. 588/- each
- Paid upfront at allotment of warrants: Rs. 147/- per warrant (25%)
- Balance now received: Rs. 441/- per warrant (75%)
- Total balance amount received: Rs. 149,94,00,000/-
Capital structure after allotment
Issued, subscribed and paid-up equity share capital stands increased to Rs. 37,11,40,034/-, consisting of 18,55,70,017 fully paid-up equity shares of Rs. 2/- each. The newly allotted shares rank pari passu with existing equity shares.
Other points
- Only one investor was involved in this allotment, from the promoter category.
- Warrants pending conversion after this allotment: Nil.
How investors may read it
The company receives fresh funds from a promoter, and the promoter converting at Rs. 588/- per warrant completes the commitment made in January 2026. At the same time, the share count rises, which spreads earnings over a larger base.
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More numbers
- Equity shares allotted34,00,000
- Face value per shareRs. 2/-
- Warrant issue priceRs. 588/-
- Warrant subscription price paid upfrontRs. 147 /-
- Warrant exercise price (balance)Rs. 441/-
- Balance amount receivedRs. 149,94,00,000/-
- Share of issue price received now75%
- Paid-up equity share capital after allotmentRs. 37,11,40,034/-
- Total shares after allotment18,55,70,017
- Number of investors1 (One)
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