Board approves preferential issue of 43.95 lakh warrants to promoters and investors
AMBANIORGO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Board approved preferential issue of 43,95,000 convertible warrants (face value Rs 10) to 10 allottees at a price as per SEBI ICDR minimum norms. Promoter Rakesh Shah gets 30 lakh warrants and Paresh Shah gets 10,000; public allottees include MNS Securities (10 lakh), Axial India, Forsure Financial and others. Each warrant converts to 1 equity share within 18 months. Promoter holding rises from 48.94 percent to about 55.32 percent on full conversion. Board also adopted new Articles of Association aligned with Companies Act 2013. EGM on October 26, 2026 to seek shareholder approval.
Dilution from new warrants may pressure stock short term. Promoter stake rises to 55.32 percent. Issue price not yet disclosed. Subject to EGM nod on Oct 26.