Kindly find enclosed herewith the Outcome of the Board Meeting held today i.e. Friday, 27th March 2026 for conversion of the Convertible Warrants to Equity Shares
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The board of Chemtech Industrial Valves approved the allotment of 5,00,000 equity shares to promoter group members — Harsh Pradeep Badkur (2,50,000 shares) and Puneet Pradeep Badkur (2,50,000 shares) — pursuant to the conversion of convertible warrants originally issued on a preferential basis on 1st October 2024. The shares have a face value of Rs. 10 each and were allotted at a premium of Rs. 190 per share, taking the total issue price to Rs. 200 per share. The company has received Rs. 7.5 crore (Rs. 150 per warrant as the exercise price) from the allottees. As a result, the paid-up equity share capital has increased from Rs. 17.94 crore (1,79,37,333 shares) to Rs. 18.44 crore (1,84,37,333 shares).
This is a promoter-driven equity infusion with no new external shareholders, signalling confidence from the promoter group in the company's prospects. The ~2.8% expansion of share capital is modest, so dilution for existing retail shareholders is limited, though EPS will be marginally impacted.