Outcome of Board meeting dated 23/07/2025
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Anand Rayons' board approved the conversion of 2,90,597 warrants into an equal number of equity shares at Rs. 78 each (face value Rs. 10, premium Rs. 68). The shares were allotted to promoter-group allottees — Anand Gokulbhai Bakshi (1,45,299 shares), Shilpa Anand Bakshi (72,649 shares), and Malaya Anand Bakshi (72,649 shares) — on receipt of the balance 75% amount totalling Rs. 1.70 crore. This is part of the 88,62,000 convertible warrants originally allotted on February 19, 2025 on a preferential basis. Following this allotment, the company's paid-up equity capital has increased to Rs. 21.30 crore, consisting of 2,12,98,984 shares of Rs. 10 each. The promoter's stake (Anand Gokulbhai Bakshi) has risen from 26.12% to 26.45%, with 25,47,737 warrants still outstanding for future conversion.
Minor dilution for non-promoter shareholders as ~1.36% new shares are issued to the promoter group at Rs. 78. Promoter confidence signal — they are putting in additional capital (Rs. 1.70 crore) to convert warrants into equity, increasing promoter ownership.