Outcome of board meeting held on 24.05.2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Anand Rayons Limited has converted 6,12,667 warrants into equity shares of Rs. 10 face value at an issue price of Rs. 78 per share (including Rs. 68 premium). The company received Rs. 3.58 crore as the balance 75% payment from 21 non-promoter allottees who had earlier been allotted warrants on February 19, 2025 on a preferential basis. The company's paid-up equity capital has increased to Rs. 20.83 crore, comprising 2,08,31,721 equity shares. Around 30.15 lakh warrants are still pending conversion and could lead to further share dilution if exercised. Individual holdings post-allotment are small, ranging from 0.05% to 0.24% for each allottee.
This is a routine conversion of previously allotted warrants, resulting in minor equity dilution for existing shareholders. The company has received Rs. 3.58 crore in fresh capital, while the remaining 30.15 lakh unconverted warrants represent potential future dilution if exercised within the 18-month window.