Please find enclosed herewith intimation of outcome of Board Meeting of the Company held on Monday, March 09,2026 for conversion of 1,05,00,000 (One Crore Five Lakhs) Warrants into 1,05,00,000(One ....
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Bhatia Communications & Retail (India) Ltd has converted 1,05,00,000 (1.05 crore) convertible warrants into an equal number of fully paid-up equity shares of Re. 1 each at an issue price of Rs. 23.75 per share (including a Rs. 22.75 premium). The warrants were originally allotted on September 11, 2024 on a preferential basis, and warrant holders have now paid the remaining 75% of the issue price (Rs. 17.8125 per warrant), bringing in Rs. 18.70 crore to the company. Allottees include promoter group members Hema Sanjeev Bhatia and Garima Nikhil Bhatia (25 lakh shares each), Forbes EMF (50 lakh shares), and two non-promoter public category allottees. Following this conversion, the company's paid-up equity capital has increased to Rs. 14.07 crore, comprising 14.07 crore equity shares, and no warrants remain outstanding.
This is a pre-committed conversion with no new dilution surprise — the funds (Rs. 18.70 crore) strengthen the company's cash position. Share count rises by about 8% but promoter holding stays largely intact, so impact on existing shareholders is moderate and largely neutral.