Anupam Rasayan India Limited has informed the Exchange regarding allotment of 3914886 equity shares on preferential basis upon conversion of equal number of warrants at its meeting held on July 15, 2025
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Anupam Rasayan India Limited has allotted 39,14,886 fully paid-up equity shares on a preferential basis following the conversion of an equal number of warrants. The issue price is INR 945.11 per share (face value INR 10 + premium INR 935.11), with the company receiving the remaining 75% amount of INR 277.5 crore on conversion. The shares were allotted to three non-promoter allottees: Lata Manek Bhanshali (5,29,038 shares), Zeal Global Opportunities Fund (16,92,924 shares), and Zinnia Global Fund PCC - Cell Dewcap (16,92,924 shares, a Category-I FPI). The warrants were originally issued on January 23, 2024, with an 18-month conversion window. Post-allotment, the company's paid-up equity share capital has increased from INR 109.93 crore to INR 113.85 crore, with total shares rising from 10.99 crore to 11.38 crore.
This is a warrant conversion event, not fresh fundraising — the company has already received the remaining 75% of the issue price, bringing in INR 277.5 crore of capital. Shareholders may see a minor dilution of about 3.6% in equity (increase in share count from 10.99 cr to 11.38 cr), but since this was a pre-committed conversion, the impact on stock price is likely limited.