Dear Sir, We are enclosing herewith an intimation about allotment of equity shares on conversion of warrants.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aveer Foods Ltd has allotted 2,26,087 fully paid-up equity shares at Rs. 575 per share (face value Rs. 10, premium Rs. 565) to Mr. Vishal Rajkumar Chordia, a promoter, upon conversion of warrants held by him. The total issue size is approximately Rs. 13 crore. These warrants were originally issued on a preferential basis on 20th March 2025 at Rs. 575 per warrant, with 25% paid upfront and the remaining 75% paid now at the time of conversion. As a result, the company's paid-up equity capital has increased from Rs. 4.25 crore to Rs. 4.48 crore. The filing notes that post this conversion, the balance of unconverted warrants stands at Nil.
This is a promoter-driven, non-dilutive-to-public event since shares went to an existing promoter, so no fresh equity came from outside shareholders. The capital infusion of about Rs. 13 crore strengthens the company's equity base and reflects promoter confidence, though it does dilute existing public shareholders by roughly 5.3% on a proportional basis.