Pursuant to Regulation 30 of SEBI Listing Regulations enclosed herewith the Outcome of Circular Resolution passed by Board of Directors as on March 21, 2026.
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Comfort Fincap's Board, via circular resolution dated March 21, 2026, approved the conversion of 25,00,000 share warrants into 25,00,000 fully paid-up equity shares of Rs. 2 each through a preferential allotment. The company received Rs. 1,68,75,000 at Rs. 6.75 per warrant, representing the remaining 75% of the total issue price of Rs. 9 per warrant. As a result, the paid-up equity capital rose from Rs. 17.50 crore (8,75,06,500 shares) to Rs. 18.00 crore (9,00,06,500 shares). The conversion involved four allottees, with Luharuka Investment & Consultants being the largest, holding 19.33% post-conversion.
This is a routine warrant-to-equity conversion that increases share count by about 2.9% and brings in additional capital from existing warrant holders. Mildly dilutive for shareholders, but since the funds were already expected, the stock impact is likely neutral.