Board allots 24,25,000 equity shares on conversion of warrants; capital rises to 4,82,88,312 shares
Board approved conversion of 24,25,000 warrants into 24,25,000 equity shares of Rs. 10 each.
By ScoutQuest · · 1 min read
- Warrants Converted
- 24,25,000 warrants into 24,25,000 equity shares of Rs. 10 each
- Exercise Price Received
- Rs. 12.375 per warrant, aggregating Rs. 3,00,09,375.00
- Paid-up Capital Increase
- From Rs. 45,86,33,120/- (4,58,63,312 shares) to Rs. 48,28,83,120/- (4,82,88,312 shares)
- Allottee
- Onelife Capital Advisors Limited (non-promoter)
- Outstanding Warrants
- 27,58,838 warrants still outstanding for conversion
What happened
The Board, at its meeting on September 24, 2026, approved and allotted 24,25,000 equity shares of face value Rs. 10 each on conversion of an equal number of convertible warrants.
Background
- Shareholders approved the issue at the EGM held on December 03, 2025, and BSE gave in-principle approval on December 08, 2025.
- The company had allotted 2,59,84,500 warrants at an issue price of ₹ 16.50 each, on receipt of 25% subscription money.
Money received
- Balance exercise price of Rs. 12.375 per warrant (75% of the issue price, which includes a premium of Rs. 06.50 per warrant) has been received.
- Total inflow from this conversion: Rs. 3,00,09,375.00, in cash.
Who converted
- Onelife Capital Advisors Limited, categorised as non-promoter, holding 1,00,00,000 warrants.
- Shares allotted to it on conversion: 24,25,000.
- Balance outstanding warrants for conversion: 27,58,838.
Effect on share capital
- Paid-up equity capital rises from Rs. 45,86,33,120/- (4,58,63,312 shares) to Rs. 48,28,83,120/- (4,82,88,312 shares).
- The new shares rank pari-passu with existing equity shares in all respects.
What this means for investors
Fresh shares increase the total share count, so existing holdings represent a slightly smaller proportion of the company, while the company receives cash. Further conversions are possible from the warrants still outstanding. The company will apply for listing and trading approval for the newly allotted shares in due course. The Board meeting ran from 12:00 PM IST to 12:10 PM IST.
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More numbers
- Warrants converted24,25,000
- Equity shares allotted24,25,000
- Warrant issue price₹ 16.50/-
- Premium per warrantRs. 06.50/-
- Balance exercise price per warrantRs. 12.375/-
- Total conversion amount receivedRs. 3,00,09,375.00/-
- Total warrants originally allotted2,59,84,500
- Paid-up capital beforeRs. 45,86,33,120/-
- Shares before4,58,63,312
- Paid-up capital afterRs. 48,28,83,120/-
- Shares after4,82,88,312
- Balance outstanding warrants27,58,838
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