Allotment of 3,44,000 Convertible warrants to allottee belonging to the Promoter and Promoter Group Catergory through Preferential Issue.
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Bizotic Commercial Ltd has allotted 3,44,000 convertible warrants to Bizotic Industries Private Limited, a member of the promoter and promoter group, on a preferential basis. Each warrant is priced at Rs. 290 (face value Rs. 10 + premium of Rs. 280) and can be converted into one equity share within 18 months. The allottee has already paid 25% upfront, amounting to Rs. 2,49,40,000, with the remaining 75% due at the time of conversion. Together with 12,58,000 warrants allotted in a prior board meeting on 21st February 2026, full conversion of all 16,02,000 warrants would raise the paid-up equity capital from Rs. 8.04 crore (80,40,000 shares) to Rs. 9.64 crore (96,42,000 shares).
This is a promoter-group capital infusion that strengthens the company's equity base without bringing in outside investors. Shareholders should note potential dilution once warrants are converted, though the promoter backing signals continued commitment from existing promoters.