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Awaiting price reaction for this filing.
Aeonx Digital Technology Ltd has received in-principle approval from BSE for issuing 2,41,000 convertible warrants to its promoter on a preferential basis. Each warrant can be converted into one equity share of Rs. 10 face value, with the issue price fixed at not less than Rs. 162.85 per share. The total potential capital infusion upon full conversion is approximately Rs. 3.92 crore. This is a promoter-funded preferential allotment, not a public issue. The company must still complete allotment and file a separate listing application within 20 days of allotment.
Existing shareholders may face minor dilution if the promoter fully exercises the warrants and converts them into equity shares. However, since the warrants are being issued to the promoter, it signals promoter confidence and commitment to strengthening their stake in the company.