Board allots 1,21,92,125 equity shares and 28,12,315 warrants on preferential basis at Rs. 14.33 each
Board approved allotment of 1,21,92,125 equity shares at Rs. 14.33 each, raising Rs. 17,47,13,151 from 46 non-promoter investors.
- Equity Shares Allotted
- 1,21,92,125 shares at Rs. 14.33 each
- Equity Capital Raised
- Rs. 17,47,13,151
- Warrants Allotted
- 28,12,315 warrants at Rs. 14.33 each
- Warrant Upfront Payment
- Rs. 3.5825 per warrant (25%), totalling Rs. 1,00,75,118.49
- Warrant Conversion Period
- 18 months from allotment
What happened
The board, meeting on September 25, 2026, approved two preferential allotments backed by shareholder approval at the EGM of July 17, 2026 and BSE in-principle approval dated September 10, 2026.
- Equity: 1,21,92,125 shares of face value Rs. 5/- each at Rs. 14.33/- per share (including premium of Rs. 9.33/-), aggregating Rs. 17,47,13,151/-.
- Allottees: 46 investors, all in the Non-Promoter category. Largest are Veloce Opportunities Fund II (21,98,200 shares), Veloce Innovations LLP (17,44,600 shares) and Bridge India Fund (15,70,131 shares).
- The new equity shares rank pari-passu with existing shares and are locked-in under Chapter V of SEBI ICDR Regulations, 2018.
Warrants
- 28,12,315 warrants at Rs. 14.33/- each, total issue size up to Rs. 4,03,00,474/-.
- Upfront subscription price of Rs. 3.5825/- per warrant (25%) has been received, totalling Rs. 1,00,75,118.49, from 6 allottees.
- Balance exercise price of Rs. 10.7475/- per warrant (75%) is payable on conversion, which must happen within 18 months of allotment; unexercised warrants lapse and money paid stands forfeited.
- Each warrant converts into one fully paid-up equity share of Rs. 5 face value, ranking pari passu.
- Warrant allottees include promoters Rajinder Kaul (4,77,467 warrants) and Arun Kaul (3,27,927 warrants), plus four non-promoters.
- The update states there is no change in capital due to allotment of warrants.
What it means for investors
The company brings in fresh capital through equity while warrants offer staged funding. Existing shareholders see their proportionate stake diluted as the new shares are issued, and further dilution can follow if warrants are converted. The update shows issued, subscribed and allotted equity shares of 5,54,92,125 after the preferential issue.
Also from Sharika Enterprises
Sharika Enterprises Ltd promoter buys 1.83% stake, holding rises to 50.87%
30 Sep 2026
Board allots 1,21,92,125 equity shares and 28,12,315 warrants on preferential basis at Rs. 14.33 each
26 Sep 2026
More numbers
- Equity shares allotted1,21,92,125
- Issue price per equity shareRs. 14.33/-
- Face value per shareRs. 5/-
- Premium per shareRs. 9.33/-
- Equity allotment aggregateRs. 17,47,13,151/-
- Number of equity investors46
- Warrants allotted28,12,315
- Warrant total issue sizeRs. 4,03,00,474/-
- Warrant subscription price per warrantRs. 3.5825/-
- Upfront amount received on warrantsRs. 1,00,75,118.49 /-
- Warrant exercise price per warrantRs. 10.7475/-
- Warrant conversion period18 months
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.