Board Allots 17,70,710 Equity Shares to Promoters on Conversion of Unsecured Loan
Board approved allotment of 1770710 fully paid-up equity shares of face value INR 5 each at INR 42 each (premium INR 37), totalling INR 7,43,69,820.
By ScoutQuest · · 1 min read
- Shares Allotted
- 1770710 fully paid-up equity shares
- Issue Price
- INR 42 per share (face value INR 5, premium INR 37)
- Total Amount
- INR 7,43,69,820
- Brahma Gurbani Stake
- 5549664 shares (5.84%) to 7243544 shares (7.48%)
- Meera Gurbani Stake
- 3283048 shares (3.46%) to 3359878 shares (3.47%)
What was decided
The Board approved the allotment of 1770710 fully paid-up equity shares of face value INR 5 each at an issue price of INR 42 each, including a premium of INR 37 each, aggregating to INR 7,43,69,820.
The shares are being issued upon conversion of unsecured loans into equity, on a preferential basis.
Who gets the shares
- Brahma Gurbani (Promoter): 1693880 shares allotted; holding moves from 5549664 shares (5.84%) to 7243544 shares (7.48%)
- Meera Gurbani (Promoter Group): 76830 shares allotted; holding moves from 3283048 shares (3.46%) to 3359878 shares (3.47%)
- Number of investors: 2
Approvals behind it
The allotment follows the special resolution passed by members on 10 December 2025 and the in-principle approval granted by BSE Limited dated 28 August 2026.
How to read this
Converting loans into equity means money the promoters had lent the company no longer has to be repaid in cash; instead they receive shares. This reduces the company's unsecured loan obligation while increasing the total number of shares outstanding, so existing shareholders' percentage stake gets diluted to that extent. Promoter holding rises after the allotment.
The Board meeting began at 04:30 P.M. and concluded at 5:30 P.M.
More numbers
- Equity shares allotted1770710
- Face value per shareINR 5
- Issue price per shareINR 42
- Premium per shareINR 37
- Total allotment valueINR 7,43,69,820
- Number of investors2 (Two)
- Brahma Gurbani pre-issue shares5549664
- Brahma Gurbani pre-issue stake5.84%
- Brahma Gurbani shares allotted1693880
- Brahma Gurbani post-issue shares7243544
- Brahma Gurbani post-issue stake7.48%
- Meera Gurbani post-issue shares3359878
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