1,13,63,637 warrants converted into equal number of equity shares at Rs. 22 each on preferential basis
Seshachal Technologies converted 1,13,63,637 warrants into 1,13,63,637 equity shares of Rs. 10/- each.
- Shares allotted on warrant conversion
- 1,13,63,637 equity shares of Rs. 10/- each
- Issue price per share
- Rs. 22/- each (premium Rs. 12/-)
- Balance amount received
- Rs. 18,75,00,010.50 at Rs. 16.50 per warrant, being 75% of the issue price
- Paid-up capital after allotment
- Rs. 12,05,79,970 across 1,20,57,997 equity shares
- Allottee category
- Non-Promoter/Public Category on preferential basis
What was announced
The fund-raising committee of the company, in its meeting on October 03, 2026, considered and approved the allotment of equity shares on conversion of 1,13,63,637 warrants into 1,13,63,637 equity shares of face value Rs. 10/- each, at an issue price of Rs. 22/- each, including a premium of Rs. 12/- per share. The shares were allotted to the "Non-Promoters/Public Category" on a preferential basis.
How the money came in
- The balance amount received on conversion was Rs. 18,75,00,010.50, paid at Rs. 16.50/- per warrant, being 75% of the issue price per warrant.
- The warrants were allotted on August 10, 2026, on payment of Rs. 5.50/- per warrant, carrying the right to subscribe to one equity share per warrant.
- The remaining amount was payable within 18 months from the date of warrant allotment.
What changes in the share capital
After this allotment, the issued and paid-up capital of the company stands at Rs. 12,05,79,970, divided into 1,20,57,997 equity shares of Rs. 10/- each. The new shares rank pari-passu with the existing equity shares, which means they carry the same rights as the shares already in issue.
Who received the shares
The allottees are listed in Annexure-1 of the update and include individuals, HUFs, LLPs and companies. The update shows each allottee's holding before the allotment, the number of shares allotted upon conversion and the holding after the conversion. The largest post-issue holding shown among the allottees is 5.97%.
What this means for existing shareholders
- This is a conversion of warrants that had already been allotted, so the shares were issued against money received, not against a fresh decision to raise funds.
- A preferential allotment of this kind increases the total number of equity shares. With more shares in issue, each existing share represents a smaller part of the company, which is commonly called dilution.
- The new shares carry the same rights, including to any dividend, as the shares already in issue.
Also from Seshachal Technologies
EGM on 19 October 2026 to approve preferential issue of 55,000 shares at ₹76 to promoters
26 Sep 2026
More numbers
- Equity shares allotted on conversion of warrants1,13,63,637
- Face value per equity shareRs. 10/-
- Issue price per equity share/warrantRs. 22/-
- Premium per equity shareRs. 12/-
- Balance amount received on conversionRs. 18,75,00,010.50/-
- Balance paid per warrantRs. 16.50/-
- Amount paid per warrant at warrant allotmentRs. 5.50/-
- Paid-up equity capital after allotmentRs. 12,05,79,970
- Total equity shares after allotment1,20,57,997
- Share of the issue price paid on conversion75%
- Conversion window from date of warrant allotment18 months
- Post-issue holding of the largest allottees5.97
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