Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015- Allotment of 36,62,702 equity shares pursuant to exercise of convertible warrants allotted on preferential basis.
ASIANENE · price
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Asian Energy Services has allotted 3,662,702 equity shares of Rs. 10 each upon conversion of an equal number of convertible warrants. The warrants were originally issued on 5th November 2024 to 28 allottees at a price of Rs. 335 each (with 25% upfront and 75% exercise price). The company received Rs. 92.02 crore as the warrant exercise price. Out of 47 lakh warrants issued, 36,62,702 were converted while 10,37,298 warrants lapsed due to non-exercise within the 18-month exercise window, and the upfront amount on those lapsed warrants was forfeited. Post-allotment, the company's equity capital stands at Rs. 48.61 crore comprising 4,86,11,000 shares. Notable allottees include Titagarh Enterprises (6,56,700 shares), and known investors Ashish Kacholia and Mohit Agrawal.
Dilution of approximately 7.5% of total equity base, with capital inflow of Rs. 92 crore into the company; lapse of 10.37 lakh warrants reduces potential further dilution.