Allotment of ~2.69 lakh equity shares on conversion of fully convertible warrants
~2.69 lakh equity shares of face value ₹10 each allotted after conversion of ~2.69 lakh fully convertible warrants (allotted Nov 11, 2025).
By ScoutQuest · · 1 min read
- Equity shares allotted
- ~2.69 lakh equity shares of face value ₹10 each, on conversion of ~2.69 lakh fully convertible warrants
- Issue price
- ₹99 each; aggregating ~₹2.67 crore
- Paid-up equity share capital post allotment
- ~₹21.51 crore across ~2.15 crore shares
The Preferential Issue Committee of the Board met on Friday, October 23, 2026 and approved the allotment of ~2.69 lakh equity shares of face value ₹10/- each.
What was approved
- The shares were allotted pursuant to the conversion of ~2.69 lakh Fully Convertible Warrants.
- Those warrants had been allotted on November 11, 2025.
- The issue price is ₹99/- per share.
- The amount aggregates to ~₹2.67 crore.
- The allotment is by way of a preferential allotment on a private placement basis.
Who gets the shares
- The allottee is Varun Gupta, belonging to the "Promoter & Promoter Group" category.
- He receives all ~2.69 lakh shares in this allotment.
Where the share capital stands now
- Consequent to the allotment, the paid-up equity share capital of the company is ~₹21.51 crore.
- That is divided into ~2.15 crore equity shares of face value ₹10/- each.
How to read this
- A warrant is a right to be issued a share at a pre-fixed price later. Converting it means the share is now actually issued, so the company's total number of shares goes up.
- The allottee here is from the promoter group, so the promoter group's total shareholding changes with this issue; the direction and size of that change depends on the earlier shareholding base.
- A larger number of shares in issue means a given profit is divided among more shares.
- The money from a warrant conversion is typically received at the time the warrants were allotted or on exercise; the update states the total aggregate amount of ~₹2.67 crore for these shares.
Committee meeting timing: the meeting commenced at 4:15 P.M. and concluded at 4:45 P.M.
More numbers
- Equity shares allotted on warrant conversion2,69,360
- Fully Convertible Warrants converted2,69,360
- Face value per equity share₹ 10/-
- Issue price per share₹ 99/-
- Aggregate amount of allotment₹ 2,66,66,640/-
- Paid-up equity share capital after allotment₹ 21,50,84,150/-
- Total equity shares after allotment2,15,08,415
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