Outcome of Board Meeting of the Company held on Monday, May 26, 2025 for 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's board approved converting 3,56,266 warrants into equity shares of Rs. 10 face value at Rs. 134 per share (a premium of Rs. 124 per share). The company received Rs. 3.58 crore as the remaining 75% payment from warrant holders. Allottees include promoter group members and identified non-promoter individuals from the public category. Following this conversion, the company's paid-up equity capital has increased to Rs. 14.10 crore, divided into 1,40,97,215 shares. About 25.36 lakh warrants remain outstanding and can still be converted into equity shares within the original 18-month window from the January 2025 allotment.
This is a routine warrant-to-equity conversion that increases the share count by 3,56,266 shares (roughly 2.6% dilution). No fresh capital is being raised since the money was already committed in January 2025. Minor dilution effect; the remaining 25.36 lakh warrants could cause further dilution if converted.