Allotment of 93750 Equity Shares upon conversion of Warrants.
Awaiting price reaction for this filing.
Omega Interactive Technologies has allotted 93,750 equity shares (face value Rs. 10 each) to Mr. Jayesh Amrutlal Shah upon conversion of an equal number of warrants. The company received the remaining exercise amount of Rs. 90 lakh at the warrant issue price of Rs. 128 per share. This allotment is part of the 20,91,249 warrants originally issued on a preferential basis in February 2024. As a result, the paid-up equity capital has increased from Rs. 2.49 crore (24,97,499 shares) to Rs. 2.59 crore (25,91,249 shares).
This is a routine partial conversion of previously issued warrants, leading to a small dilution (about 3.75% increase in share count). The company receives the warrant exercise money, which improves its cash position. Existing shareholders may see a marginal dilution in their holdings.