Alankit allots 5 crore convertible warrants to promoter group at Rs 8.60
ALANKIT · price
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On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.9 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Alankit Limited has allotted 5 crore fully convertible warrants to Alka Agarwal, a member of the promoter group, on a preferential basis at Rs 8.60 per warrant, raising Rs 43 crore in total. After this allotment, the fully diluted paid-up equity capital will rise to Rs 32.12 crore, divided into 32.12 crore equity shares of Re 1 each. The Management Committee approved the allotment at its meeting held on October 5, 2026.
Promoter group infusing Rs 43 crore shows confidence, but conversion of warrants will dilute existing shareholders equity.