Please find enclosed herewith intimation of outcome of Board Meeting of the Company held on Tuesday, September 30, 2025 for Conversion of 50,00,000 warrants into 50,00,000 equity shares ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bhatia Communications & Retail has converted 50 lakh warrants into 50 lakh equity shares of Re. 1 each at Rs. 23.75 per share (including a premium of Rs. 22.75). The sole allottee is Ebisu Global Opportunities Fund Limited, which received all 50 lakh shares and now holds a 3.84% stake in the company. The company collected Rs. 8.90 crore as the balance 75% payment towards conversion. After this allotment, the company's paid-up equity capital stands increased to Rs. 13.01 crore, consisting of 13.01 crore equity shares. Warrants were originally allotted on September 11, 2024, and about 1.05 crore warrants are still outstanding and pending conversion.
This is a dilution event for existing shareholders, whose stake is reduced by about 3.84% as new shares are issued. The company has raised Rs. 8.90 crore in fresh capital from the conversion, which could strengthen its balance sheet. Further dilution risk remains, as 1.05 crore more warrants are still pending conversion within their 18-month window.