Outcome of board meeting dated 09/06/2025 regarding conversion of warrants into equity shares
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Anand Rayons Ltd informed BSE that its board, on June 9, 2025, approved the conversion of 1,76,666 convertible warrants into equal number of equity shares of Rs. 10 face value at an issue price of Rs. 78 per share (including Rs. 68 premium). This is part of the 88,62,000 warrants originally allotted on February 19, 2025 on a preferential basis to non-promoter public category investors. Seven allottees paid the balance 75% amount of Rs. 58.50 per warrant, bringing in Rs. 1.03 crore. The company's paid-up equity capital has now increased to Rs. 21.00 crore, comprising 2,10,08,387 equity shares. 28,38,334 warrants across the company remain pending conversion within the 18-month exercise window.
Mild dilution for existing shareholders as equity base expands by about 0.84% from this tranche alone, but the move was largely anticipated since warrants were already allotted earlier. Signals continued confidence from allottees who chose to convert rather than let warrants lapse.