We hereby inform you that the Board of Directors of the Company, at its meeting held today, i.e., Thursday, 2nd April, 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 approved the allotment of 2,64,000 fully paid-up Equity Shares following the conversion of 2,64,000 convertible warrants held by Bizotic Nexus Private Limited (Promoter Group). The shares were issued at Rs. 290 per share (including Rs. 280 premium), with the company receiving the balance 75% of the issue price amounting to Rs. 5.74 crore. This conversion completes the remaining warrants from a total of 16,02,000 convertible warrants, of which 13,38,000 were previously converted in March 2026. Post-allotment, the company's paid-up equity capital increased from Rs. 9.38 crore to Rs. 9.64 crore, with total shares rising from 93,78,000 to 96,42,000.
The promoter group's stake has increased from 3.31% to 5.95% following this conversion. This is a dilutive event for existing shareholders as 2,64,000 new shares have been issued, though the impact is modest given the small number of shares relative to the total.