Board allots 24,39,750 equity shares on preferential basis at Rs. 293/- per share
Board allotted 24,39,750 fully paid-up equity shares on a preferential basis at Rs. 293/- per share (face value Rs. 10/-, premium Rs. 283/-).
By ScoutQuest · · 2 min read
- Shares Allotted
- 24,39,750 fully paid-up equity shares
- Issue Price
- Rs. 293/- per share (face value Rs. 10/-, premium Rs. 283/-)
- Total Consideration
- Rs. 71.48 crore, received in full before allotment
What the board did
At its meeting held on October 16, 2026, the board allotted 24,39,750 fully paid-up equity shares of face value Rs. 10/- each, at an issue price of Rs. 293/- per share including a premium of Rs. 283/-, on a preferential basis to non-promoter investors.
Size of the allotment
The total consideration is Rs. 71.48 crore, and the company stated that the full consideration was received before the allotment.
Who received the shares
Two investors took the shares
- AGI Group Holdings Inc: 22,77,100 shares. Before the issue it held nil; after the issue it holds a 1.11% stake.
- Monoflus Pte. Ltd: its holding moves from 71,70,000 shares before the issue to 73,32,650 shares after the issue.
Conditions attached to the shares
- The shares rank pari passu with the existing equity shares of the company.
- The shares allotted to the two investors are locked in for a period as specified under Chapter V of the ICDR Regulations.
- The company will apply to the stock exchanges for listing and trading approval of the allotted shares.
Background to the allotment
The allotment follows a special resolution passed by the members at an Extra-Ordinary General Meeting held on August 10, 2026, and in-principle approvals from BSE Limited and National Stock Exchange of India Limited dated October 1, 2026.
How to read this
In a preferential allotment, new shares are issued to a select set of investors for cash instead of being offered to all shareholders in proportion to their holdings. Two things move at the same time: the company receives fresh funds, and the total number of shares increases. Since the shares go to holders who did not previously own that stake, existing shareholders' percentage of the company is spread over a larger share base. The lock-in means these new shares cannot be sold immediately, and listing and trading approval is still to be obtained before they can be traded on the exchanges.
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Preferential allotment: 24,39,750 equity shares allotted at Rs. 293 per share for cash
16 Oct 2026
More numbers
- Equity shares allotted on preferential basis24,39,750
- Issue price per equity shareRs. 293/-
- Face value per equity shareRs. 10/-
- Premium per equity shareRs. 283/-
- Total consideration for the allotmentRs. 71,48,46,750/-
- AGI Group Holdings Inc — shares allotted22,77,100
- AGI Group Holdings Inc — post-issue stake1.11
- Monoflus Pte. Ltd — pre-issue holding71,70,000
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