Allotment Of 80,60,000 Equity Shares Of Face Value Of INR 10/- Each Pursuant To Conversion Of 80,60,000 Fully Convertible Equity Warrants (Warrants'''')
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Aviva Industries has allotted 80,60,000 equity shares of face value INR 10 each, pursuant to the conversion of an equal number of fully convertible equity warrants. These warrants had been issued earlier (between January 6 and 17, 2026) at an issue price of INR 28 per warrant, on a preferential basis to five non-promoter individuals, namely Hinhor Mahesh Madubhai (16,10,000), Parmar Alkeshbhai Ratanbhai (16,20,000), Pareshbhai Bamaniya (15,90,000), Akash Chandrasinh Bhil (16,20,000), and Rameshbhai Kukabhai Bamniya (16,20,000). As a result of this allotment, the company's paid-up equity share capital has increased from INR 9,51,40,000 (95,14,000 shares) to INR 17,57,40,000 (1,75,74,000 shares), an increase of nearly 85% in the share count.
This is a significant equity dilution event for existing shareholders, with the share count rising by about 84.7% on conversion of warrants held by non-promoter allottees. The stock may face short-term pressure from the sharp increase in float, while the company strengthens its capital base from the warrant proceeds collected at INR 28 per share.