Dear Sir, We are enclosing herewith an intimation about an allotment of equity shares on conversion of warrants.
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Aveer Foods has allotted 2,26,087 fully paid-up equity shares of face value Rs. 10 each at Rs. 575 per share (including a Rs. 565 premium) to Mr. Vishal Rajkumar Chordia, a member of the promoter group, upon his exercise of an equal number of warrants. These warrants were originally issued to promoters on a preferential basis on 20 March 2025, with 25% paid upfront at that time; the remaining 75% (Rs. 431.25 per warrant) has now been received. The total money raised from this conversion is roughly Rs. 13 crore. As a result, the company's paid-up equity capital has risen from Rs. 4.25 crore to Rs. 4.48 crore, and all 4,52,174 warrants originally issued are now fully converted (balance is Nil).
This is a promoter-led equity infusion of about Rs. 13 crore with no new external dilution beyond the promoter family, which signals promoter confidence. For existing shareholders, shareholding percentage remains unchanged since the allotment is only to the promoter, but the total share count is now higher.