Allotment of 1,25,00,000 equity shares to the holders of Compulsorily Convertible Preference Shares (CCPS), pursuant to the exercise of their right to convert 25,00,000 (Twenty-Five Lakh) ....
Awaiting price reaction for this filing.
Omansh Enterprises has allotted 1.25 crore new equity shares following the conversion of 25 lakh Compulsorily Convertible Preference Shares (CCPS) into equity. The CCPS carried a 0% coupon and were unlisted, meaning they did not pay dividends but had to be converted into equity as per their original terms. Based on the numbers, every 1 CCPS converted into 5 equity shares. The board approved this allotment at its meeting on June 10, 2025. This is essentially a pre-planned conversion rather than fresh fundraising from the market.
Existing shareholders will see their stake diluted by the new 1.25 crore equity shares entering the share capital. However, since this conversion was pre-agreed at the time the CCPS were issued, the dilution was already expected and is unlikely to cause any surprise drop in the stock price.