Outcome of the Board Meeting of the Company held on Monday, June 09, 2025 for Conversion of 42,132 warrants into 42,132 equity shares of face value of Rs. 10/- each.
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Bhatia Colour Chem's board approved conversion of 42,132 warrants into 42,132 equity shares of Rs. 10 face value at an issue price of Rs. 134 each (including Rs. 124 premium). These warrants were originally allotted on January 3, 2025 as part of a 44 lakh warrant preferential issue, where 25% was paid upfront and the balance 75% (Rs. 100.50 per warrant) was now received. The conversion involved 2 promoter group allottees (Dilip Kumar Sanklecha, Saloni Ghanshyam Pansari) and 2 public category allottees (Seema Kedia, Swati Jalan), bringing in Rs. 42.34 lakh. Post-conversion, the company's paid-up capital rose to Rs. 14.14 crore, comprising 1.41 crore equity shares. About 24.94 lakh warrants still remain pending conversion within the 18-month window.
Very small dilution (~0.3% of expanded capital) for existing shareholders, with a modest cash inflow of Rs. 42.34 lakh. The conversion indicates that the allottees — including promoter group members — remain committed to the stock, which is mildly positive for sentiment.