Outcome of Board Meeting of the Company held on Saturday, January 17, 2026 for Conversion of 1, 70, 940 warrants into 1, 70, 940 equity shares of face value of Rs. 10/- each.
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Anand Rayons Ltd's board approved the conversion of 1,70,940 warrants into an equal number of equity shares of Rs. 10 face value at an issue price of Rs. 78 per share (including Rs. 68 premium). The allottees are members of the Promoter and Promoter Group — Anand Gokulbhai Bakshi (85,470 shares), Shilpa Anand Bakshi (42,735 shares), and Malaya Anand Bakshi (42,735 shares) — who paid the remaining 75% amount of Rs. 58.50 per warrant, totalling Rs. 99,99,990. Following this allotment, the company's paid-up equity capital has risen to Rs. 21,46,99,240, comprising 2,14,69,924 shares. Around 23,76,797 warrants remain outstanding for future conversion, and promoter shareholding has marginally increased.
This is a routine warrant-to-equity conversion by existing promoters, so it causes a small equity dilution (around 0.8% increase in share count) and a minor uptick in promoter shareholding. No fresh capital inflow to the company since the subscription money was already partly received earlier; the Rs. 99.99 lakh received now is the balance tranche.