Intimation of allotment of 76,00,000 fully paid up equity shares upon conversion of 76,00,000 share warrants on May 11, 2026 is enclosed herewith.
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Apex Capital and Finance Ltd has allotted 76 lakh fully paid-up equity shares of Rs. 10 each upon conversion of an equal number of convertible warrants. The warrants were originally allotted on December 9, 2024, on a preferential basis. All 13 allottees (6 promoter entities and 7 public shareholders) paid the balance 75% of the warrant issue price totaling Rs. 71.25 crore. The company's paid-up capital increased from Rs. 5.92 crore to Rs. 13.52 crore post-allotment. No change in control of the company occurred. The newly allotted shares are subject to SEBI ICDR lock-in requirements.
Share capital more than doubled with this conversion, increasing total shares from 59.2 lakh to 1.35 crore. Existing shareholders will see dilution in their ownership percentage. The shares will rank pari-passu with existing shares and be listed for trading on BSE.