Kindly find enclosed herewith the Outcome of the Board Meeting held today i.e. Friday 27th March 2026 for Conversion of Convertiblle Warrants into Equity SHares and allotment of the same
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The board of Chemtech Industrial Valves approved the conversion of 5,00,000 convertible warrants into equity shares, allotted to two promoter-group members — Harsh Pradeep Badkur and Puneet Pradeep Badkur — equally. The warrants were originally issued on a preferential basis on 1st October 2024 and have now been converted at an exercise price of Rs. 150 per share, with the final issue price being Rs. 200 per share (face value Rs. 10 + premium of Rs. 190). The company received Rs. 7.5 crore in conversion proceeds. Following this allotment, the paid-up equity share capital rose from Rs. 17.94 crore to Rs. 18.44 crore, with the total share count increasing from 1,79,37,333 to 1,84,37,333 shares.
This is a pre-scheduled warrant conversion by the promoters, so the share count and capital change was largely anticipated. Existing shareholders may see minor dilution (~2.8%) from the new shares, but promoter confidence is reinforced since they chose to convert and invest Rs. 7.5 crore into the company. No immediate price impact is expected beyond the typical mild dilution effect.