BOROSIL RENEWABLES LIMITED has informed the Exchange regarding allotment of 94338 equity shares pursuant to Conversion of Warrants on May 08, 2026
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Borosil Renewables has allotted 94,338 fully paid-up equity shares of Re. 1 each to two warrant holders upon conversion. The warrants were originally allotted on February 14, 2025, with 78,80,436 warrants issued at Rs. 530 per warrant on preferential basis to non-promoter category investors. At the time of original allotment, warrant holders paid 25% (Rs. 132.50) as subscription price, with the remaining 75% (Rs. 397.50) payable upon conversion. This partial conversion was approved by the Management Committee on May 08, 2026. Brescon Ventures Private Limited converted 66,037 warrants and Trinity Credit Management Services LLP converted 28,301 warrants. The company's paid-up equity share capital now stands at Rs. 14,02,83,183 divided into 14,02,83,183 equity shares.
Partial conversion of warrants has occurred, increasing the company's paid-up capital. The new shares will rank pari-passu with existing shares. This indicates warrant holders are exercising their conversion option, which may have a slight dilutive effect on existing shareholders.