Announced Tue, 21 Jul · 16:12 IST
10 Lakh Warrants Lapsed; Forfeiture of Rs 1.65 Crore
Fund Raising View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.0%1-day move
₹5.87
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.0-1.4-3.2———————
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AI summary
Ajcon Global Services informs that 10 lakh convertible warrants allotted on 21 Jan 2025 at Rs 66 each (total Rs 6.6 crore) to three non-promoter public allottees have lapsed as the balance 75 percent was not paid by the 20 July 2026 deadline. Zero warrants were exercised. The 25 percent upfront amount of Rs 1.65 crore stands forfeited. Allottees are Subhash P. Rathod, Mayank S. Rathod, and Saajan S. Rathod. There is no change in paid-up share capital.
Likely market impact
Weak signal: allottees did not pay balance, showing poor warrant demand. Company retains forfeited Rs 1.65 crore as a small gain. No equity dilution.