Agribio Spirits Limited informed BSE regarding allotment of 175000 shares pursuant to conversion of warrants into equity issued on preferential basis.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Agribio Spirits Limited's board, at its meeting on 13 May 2025, approved the allotment of 1,75,000 equity shares to Trupti Hemant Sarvaiya (Non-Promoter) following the conversion of Fully Convertible Equity Share Warrants. These warrants were originally issued on 14 October 2024 as part of a larger 22,25,000 warrant preferential issue at Rs. 51 per warrant (face value Rs. 10 plus Rs. 41 premium per share). With this allotment, the company's paid-up equity share capital has increased to Rs. 10,52,42,370, comprising 1,05,24,237 equity shares of Rs. 10 each. The new shares will rank pari-passu with existing equity shares in all respects.
This is a partial conversion of previously issued warrants, so it brings in modest additional capital (around Rs. 89.25 lakh) at a premium but also dilutes existing shareholders' equity slightly. Since the warrants were already disclosed and priced earlier, the immediate impact on the stock is expected to be limited.