Back
Corporate News
Company issues equity shares and warrants to 21 investors for Rs 11.93 crore
11-Aug-2026, 08:59
The board of directors has approved a preferential allotment of up to 3.4 million equity shares and 115.88 million fully convertible warrants to 21 investors, a move expected to infuse significant capital into the company. Equity shares were issued at Rs 10 per share, generating Rs 34 lakh, while warrants were issued at Rs 10 per warrant, bringing in Rs 11.59 crore. Warrant holders can convert their warrants into equity shares within 18 months. Mr. Anish Gupta and Ms. Priyanka Gupta are the largest equity share allottees, while Mr. Ankit Tayal and Mr. Mohit Sharma received the most warrants. The funds will be used for purposes detailed in the company’s annual general meeting notice, and the allotments are not anticipated to trigger a change in control, though existing shareholders will experience dilution. The company will seek listing approval from BSE Limited for the shares resulting from warrant conversion.
The board of directors has approved a preferential allotment of up to 3.4 million equity shares and 115.88 million fully convertible warrants to 21 investors, a move expected to infuse significant capital into the company. Equity shares were issued at Rs 10 per share, generating Rs 34 lakh, while warrants were issued at Rs 10 per warrant, bringing in Rs 11.59 crore. Warrant holders can convert their warrants into equity shares within 18 months. Mr. Anish Gupta and Ms. Priyanka Gupta are the largest equity share allottees, while Mr. Ankit Tayal and Mr. Mohit Sharma received the most warrants. The funds will be used for purposes detailed in the company’s annual general meeting notice, and the allotments are not anticipated to trigger a change in control, though existing shareholders will experience dilution. The company will seek listing approval from BSE Limited for the shares resulting from warrant conversion.