Allotment of Fully Convertible Equity Warrants on a Preferential basis.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aviva Industries Ltd has allotted 1,01,15,000 fully convertible equity warrants to 7 non-promoter individual allottees on a preferential basis at Rs. 28 per warrant (including Rs. 18 premium over the face value of Rs. 10), as approved by shareholders on September 30, 2025 and cleared by BSE on January 02, 2026. Each warrant is convertible into one fully paid-up equity share within 18 months from the allotment date. Allottees have paid 25% of the consideration upfront as required by SEBI rules, with the remaining 75% due at the time of conversion. Since these are warrants (not shares), there is no immediate change to the company's paid-up share capital, but on full conversion individual allottees would hold between 4.22% and 13.95% in the company.
This is a capital-raising move that will dilute existing shareholders once the warrants are exercised over the next 18 months. For now there is no impact on share capital, but investors should watch for further dilution and any underlying purpose the raised funds will be deployed toward.