Aki India Limited has informed the Exchange regarding Board meeting held on Jun 09, 2025.
AKI · price
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AKI India Limited's board, at a meeting on June 9, 2025, approved the allotment of 1,46,73,782 (1.47 crore) fully paid-up equity shares pursuant to the conversion of an equivalent number of convertible warrants at Rs. 18.71 per share (face value Rs. 2, premium Rs. 16.71). These warrants were originally issued on January 19, 2024, and the balance 75% consideration has now been received from the allottees. As a result, the company's paid-up equity share capital will rise from Rs. 17.71 crore (8.85 crore shares) to Rs. 20.64 crore (10.32 crore shares), an increase of about 16.6% in the share count. The allottees include promoter and Managing Director Mohammad Ajwad (30 lakh shares), Muhammad Asim (66.17 lakh shares), Mohammad Tahir (8 lakh shares), Prabodh Sharma (42.07 lakh shares), and Aviral Sharma (50,000 shares). The newly issued shares will rank equally with existing equity shares.
Existing shareholders will see their holding diluted by roughly 16.6% as the share count expands. The conversion strengthens the company's equity base and brings in additional capital from promoters and select non-promoter allottees, which is mildly positive for capital adequacy but dilutive in the short term.