Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), we would like to inform you that the Board Meeting of the Company was ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The board of Alphalogic Industries approved the allotment of 18,00,000 convertible warrants at Rs. 28 per warrant (including Rs. 18 premium over the Rs. 10 face value) on a preferential basis. The warrants were issued to three allottees: Alphalogic Techsys Limited (promoter, 11,70,000 warrants), Mrs. Neha Anshu Goel (promoter group, 3,00,000 warrants), and Vivaro Enterprises Limited (non-promoter, 3,30,000 warrants). The company has received 25% of the issue price (Rs. 7 per warrant) upfront, totalling about Rs. 1.26 crore, with the balance 75% payable within 18 months upon conversion into equity shares. If fully converted, total consideration would be around Rs. 5.04 crore, with the promoter's stake rising from 51.18% to 53.25%.
This is a small preferential warrant issuance that signals promoter confidence and brings in a non-promoter investor (Vivaro Enterprises). Existing shareholders may see modest dilution if all warrants are converted within 18 months, but the issue size is relatively small compared to the company's existing share base.