Allotment of 48,30,000 Equity Shares of face value of INR 10/- each pursuant to conversion of 48,30,000 Fully Convertible Equity Warrants (Warrants'').
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Awaiting price reaction for this filing.
Aviva Industries has allotted 48.30 lakh equity shares of face value INR 10 each, arising from the conversion of an equal number of Fully Convertible Equity Warrants. The warrants were originally issued on a preferential basis at INR 28 per warrant to three non-promoter individuals — Parmar Rajubhai Senabhai, Mavi Vijay Kanubhai, and Ganpatbhai Govindbhai Parmar. As a result of this conversion, the company's paid-up equity capital has jumped from INR 1.50 crore (14.99 lakh shares) to INR 6.33 crore (63.29 lakh shares), effectively increasing the share count by over four times. The warrants had been allotted in two tranches earlier in January 2026.
This is a significant dilution event for existing shareholders, with the total share count rising more than 4x. While the company raises additional capital at INR 28 per share (a premium to face value), the sharp expansion in equity base may weigh on earnings per share and put short-term pressure on the stock price.