24,25,000 Warrants Converted into Equity Shares at Rs. 16.50 Each
The Board on September 24, 2026 approved conversion of 24,25,000 warrants into 24,25,000 equity shares of Rs. 10 face value each.
By ScoutQuest · · 1 min read
- Warrants Converted
- 24,25,000 warrants into 24,25,000 equity shares
- Issue Price Per Share
- Rs. 16.50 each (face value Rs. 10, premium Rs. 6.50)
- Balance Exercise Price Received
- Rs. 12.375 per warrant, totalling Rs. 3,00,09,375.00
- Paid-up Capital Increase
- From Rs. 45,86,33,120 to Rs. 48,28,83,120
- Outstanding Warrants Remaining
- 27,58,838 warrants for future conversion
What happened
The Board of Directors met on September 24, 2026 and approved the conversion of 24,25,000 warrants into 24,25,000 equity shares of face value Rs. 10 each, fully paid up. The shares were allotted on the same day.
These warrants came from an earlier preferential allotment of 2,59,84,500 convertible warrants at an issue price of Rs. 16.50 each (face value Rs. 10, premium Rs. 6.50), approved by shareholders at the Extra Ordinary General Meeting held on December 03, 2025, with BSE in-principle approval dated December 08, 2025. At allotment, only 25% of the issue price had been paid.
Money received now
- Balance exercise price paid: Rs. 12.375 per warrant, being 75% of Rs. 16.50
- Total cash received on this conversion: Rs. 3,00,09,375.00
Who converted
- Onelife Capital Advisors Limited, categorised as Non-Promoter
- Warrants held: 1,00,00,000
- Shares allotted on conversion: 24,25,000
- Balance outstanding warrants for conversion: 27,58,838
Effect on share capital
Paid-up equity share capital increases from Rs. 45,86,33,120 (4,58,63,312 equity shares of Rs. 10 each) to Rs. 48,28,83,120 (4,82,88,312 equity shares of Rs. 10 each).
The new shares will rank pari-passu with existing equity shares in all respects. The application for listing and trading approval of the stock exchange for the newly issued shares will be made in due course.
How investors may read it
The company receives fresh cash of Rs. 3,00,09,375.00, while the number of shares outstanding rises, which spreads earnings over a larger share base. The conversion is by a non-promoter investor, and further warrants remain open for conversion, which could add more shares later if exercised.
The Board Meeting commenced at 12:00 PM IST and concluded at 12:10 PM IST.
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More numbers
- Warrants converted24,25,000 warrants
- Equity shares allotted24,25,000 equity shares
- Total warrants allotted earlier2,59,84,500
- Warrant/share issue price₹ 16.50/-
- Premium per warrantRs. 06.50/- per warrant
- Balance exercise price per warrantRs. 12.375/- per share warrant
- Total amount received on conversionRs. 3,00,09,375.00/-
- Paid-up capital beforeRs. 45,86,33,120/-
- Shares before4,58,63,312 equity shares
- Paid-up capital afterRs. 48,28,83,120/-
- Shares after4,82,88,312 equity shares
- Balance outstanding warrants27,58,838
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