Allotment Of 15,95,000 Equity Shares Of Face Value Of INR 10/- Each Pursuant To Conversion Of 15,95,000 Fully Convertible Equity Warrants (Warrants)
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Aviva Industries Ltd has allotted 15,95,000 equity shares of face value INR 10 each following the conversion of an equal number of fully convertible warrants. These warrants were originally issued on January 7, 2026 to Mr. Chavdhari Navinbhai Rameshbhai (non-promoter) at INR 28 per warrant on a preferential basis. As a result, the company's paid-up equity capital has risen from INR 30.90 crore (3.09 crore shares) to INR 32.50 crore (3.25 crore shares), a roughly 5.2% increase in share count. The board approved the allotment at its meeting held on April 7, 2026.
This is a routine conversion of previously issued warrants and will result in modest equity dilution (about 5%) for existing shareholders. Since the allottee is a non-promoter, there is no change in promoter holding percentage, and no fresh cash inflow occurs at this stage as the warrant price was already paid earlier.