Announced Thu, 8 Oct, 2026 · 11:34 IST
Promoter group member converts 1.65 crore warrants into Alankit shares
ALANKIT · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹7.72
prior close
₹7.80
base price
In-mkt
timing
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AI summary
Alankit allotted 1.65 crore equity shares of Re 1 face value to Alka Agarwal of the Promoter Group after converting 1.65 crore fully convertible warrants at Rs 8.60 per share. The warrants were originally issued on October 5, 2026 on a preferential basis. Total paid-up equity capital rose to Rs 30.41 crore, divided into 30.41 crore equity shares of Re 1 each.
Likely market impact
Share count rises and dilutes existing holders, but shows promoter group confidence and long-term commitment to the company.