Board Meeting outcome for 34,00,000 warrants converted into 34,00,000 Equity Shares.
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The Board of Chartered Logistics, at its meeting on 16 October 2025, approved the allotment of 34,00,000 equity shares (face value Rs. 1 each) to 4 allottees upon conversion of an equal number of convertible warrants. The allottees paid Rs. 5.85 per warrant (being 75% of the Rs. 7.80 exercise price), bringing in a total of Rs. 1,98,90,000 (about Rs. 1.99 crore). The warrants had originally been issued via a preferential allotment. As a result, the company's paid-up share capital increased from Rs. 12.02 crore (12,02,40,000 shares) to Rs. 12.36 crore (12,36,40,000 shares). The new shares will rank equally with existing equity shares on all matters including dividends.
This is a routine completion of a previously announced preferential warrant issue, resulting in a modest dilution of roughly 2.8% to existing shareholders and a small fresh capital infusion of about Rs. 2 crore. The impact on share price is expected to be limited and largely price-neutral.