Allotment Of Fully Convertible Equity Warrants On A Preferential Basis.
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Aviva Industries Ltd has allotted 48,40,000 Fully Convertible Equity Warrants to 3 non-promoter individuals at Rs. 28 per warrant (face value Rs. 10 + premium of Rs. 18 per warrant) on a preferential basis. This is the fourth tranche of such allotments, approved by shareholders in September 2025 and given BSE in-principle approval on January 2, 2026. Each allottee gets roughly 16 lakh warrants, translating to about 5.2-5.25% post-issue shareholding per person if all warrants are converted into equity shares. The company has already received 25% of the consideration upfront, while the remaining 75% is payable upon conversion, which must happen within 18 months from allotment.
There is no immediate change in paid-up share capital since these are warrants, not shares. However, if fully converted, the warrants would increase the share base by 48.4 lakh shares, leading to dilution for existing shareholders by roughly 15.7% combined across the three allottees.