Conversion of 3,56,266 warrants into 3,56,266 equity shares of face value of Rs. 10/- each.
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Bhatia Colour Chem Ltd has converted 3,56,266 warrants into an equal number of equity shares of face value Rs. 10 each, at an issue price of Rs. 134 per share (including a premium of Rs. 124). The company received Rs. 3.58 crore as the balance 75% payment from 19 allottees belonging to the Promoter Group and identified Non-Promoter (Public Category) persons. These warrants were originally allotted on January 3, 2025, as part of a preferential issue of 44 lakh warrants. After this conversion, the company's paid-up equity capital has risen to Rs. 14.10 crore, comprising 1,40,97,215 equity shares. About 25.36 lakh warrants are still pending conversion and can be exercised within 18 months of the original allotment.
This conversion increases the share count by about 2.6%, leading to mild dilution for existing shareholders. The fresh shares will rank equally with existing equity, and the company has raised additional capital without debt, though the small size of the issue means limited material impact on the stock.