Arihant Superstructures Limited has informed the Exchange regarding Board meeting held on Jun 14, 2025.
ARIHANTSUP · price
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The board of Arihant Superstructures Limited, at its meeting on June 14, 2025, approved the allotment of 20,90,000 equity shares of face value Rs. 10 each to warrant holders who exercised their conversion right. The company received Rs. 28.23 crore as the remaining 75% exercise price (Rs. 135.053 per warrant, against the total warrant price of Rs. 180.071). Following this allotment, the total paid-up equity share count has increased from 4,11,59,991 to 4,32,49,991 shares, a dilution of about 5.1%. The allottees are three non-promoter entities — Monarch Comtrade Private Limited (20 lakh shares), Nikunj Pravin Shah (50,000 shares), and Jignasa Nikunj Shah (40,000 shares) — under a preferential allotment route.
This is a non-promoter preferential warrant conversion, which dilutes existing shareholders by roughly 5% but brings in Rs. 28.23 crore of fresh capital for the company. The new shares will rank pari-passu with existing equity, so the share price may see mild dilution-related pressure, though the capital infusion is a positive for growth funding.