We hereby inform you that the Board of Directors of the Company, at its meeting held today, i.e., Monday, 30th March, 2026, at the registered office of the Company situated at 15, Ashwamegh ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bizotic Commercial Ltd's Board, at its meeting on 30th March 2026, approved the allotment of 13,38,000 fully paid-up equity shares (face value Rs. 10) pursuant to the conversion of an equivalent number of convertible warrants out of 16,02,000 warrants issued earlier. The conversion was done at Rs. 290 per share (including a premium of Rs. 280) upon receipt of the remaining 75% exercise price, aggregating to about Rs. 29.10 crore in cash. All allottees — Ms. Sangita Annmol Aggarwala and four promoter-group entities (Bizotic Dynamics, Bizotic India, Bizotic Industries, and Bizotic Nexus) — belong to the Promoter and Promoter Group category. As a result, the company's paid-up equity share capital has risen from Rs. 8.04 crore (80,40,000 shares) to Rs. 9.38 crore (93,78,000 shares), with the new shares ranking pari passu with existing equity. The balance 2,64,000 warrants remain outstanding for future conversion.
This is a promoter-group led capital infusion with no public money involved; share count rises by ~16.6%, which may dilute existing non-promoter shareholders marginally, though promoter control is reinforced. Short-term stock impact is likely neutral to mildly negative due to dilution, but the company has secured ~Rs. 29 crore in fresh equity funds.