Allcargo Terminals Limited has informed the Exchange about increase in Authorised Capital
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The Board of Allcargo Terminals Limited has approved, subject to shareholder approval, an increase in Authorised Share Capital from ₹55 crore to ₹70 crore (divided into 35 crore equity shares of ₹2 each). Additionally, the company proposes to issue up to 1,32,00,000 Fully Convertible Warrants on a preferential basis to the Promoter and Promoter Group at ₹29 per warrant (face value ₹2 + premium ₹27), aggregating to ₹38.28 crore. Each warrant is convertible into one equity share of ₹2 face value. The bulk of the issue (1,16,44,921 warrants worth ~₹33.77 crore) is allocated to promoter Shashi Kiran Janardhan Shetty, with smaller portions to Arathi Shetty, Adarsh Sudhakar Hegde, Priya Adarsh Hegde, and The Shloka Shetty Trust. Post-issue, the promoter group's collective shareholding will rise from around 65.82% to roughly 67.52%.
This is a promoter-led capital infusion signalling confidence in the business, but existing non-promoter shareholders will face equity dilution once warrants are converted. Stock price impact may be mildly negative in the short term due to dilution, though the funds coming in from promoters could support growth plans.