Allotment of 19,00,000 Convertible Warrants at a price of Rs. 50 per warrant approved in the Board meeting held on 04th September, 2025
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Adhata Global Ltd has allotted 19,00,000 convertible warrants on a preferential basis at Rs. 50 per warrant (face value Rs. 10 + premium Rs. 40). Total potential value on full conversion is Rs. 9.5 crore, of which 25% (Rs. 2.375 crore) has already been received as warrant subscription price. Each warrant is convertible into one equity share within 18 months upon payment of the remaining Rs. 37.50 per warrant. Promoters M.V. Credit Capital Pvt Ltd and VNS Projects LLP together took 15 lakh warrants (about 79% of the issue), while four non-promoter individuals (Sanjay Agarwal, Kaustubh Rungta, Bhushan Kumar Narula, Madhu Rungta) took 1 lakh warrants each. The allotment follows Board approval in May 2025, shareholder approval in July 2025, and BSE's in-principle approval in August 2025.
This is a promoter-heavy preferential warrant issue that signals promoter confidence but also leads to potential equity dilution once warrants are exercised within 18 months. Retail shareholders should watch for the conversion timeline, as full conversion will expand the share capital by up to 19 lakh shares.