Conversion of 26,62,000 warrants into equity shares of Rs.10 each
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Ambo Agritec Ltd's Board, at its meeting on July 25, 2025, approved the conversion of 26,62,000 warrants into equity shares of face value ₹10 each. The warrants were originally allotted on a preferential basis on June 20, 2024, at an issue price of ₹30 per share (₹10 face value + ₹20 premium). Allottees paid ₹5,98,95,000 as the balance 75% amount to exercise the conversion. Two allottees participated: promoter Umesh Kumar Agarwal (14,50,000 shares for ₹3,26,25,000) and non-promoter Ashok Jain (12,12,000 shares for ₹2,72,70,000). After this conversion, the company's paid-up equity capital has risen to ₹19,64,51,600, comprising 1,96,45,160 equity shares. Notably, 40,50,000 promoter warrants still remain pending for conversion, while no non-promoter warrants are pending.
This conversion increases the company's share capital by about 16% (26.62 lakh new shares on a base of 169.83 lakh shares) and brings in ₹5.99 crore of fresh capital. The new shares rank pari-passu with existing shares, which may cause mild dilution for current shareholders, though it strengthens the company's equity base.