Commercial Syn Bags Limited has informed the Exchange about Allotment.
COMSYN · price
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Commercial Syn Bags Limited has allotted 3,87,000 equity shares of Rs. 10 each at a premium of Rs. 62 per share to Pravi Investments LLP, a promoter group entity. These shares were issued upon the exercise and conversion of convertible warrants that were originally allotted on 20th March 2025 on a preferential basis. The company received the remaining 75% balance amount of Rs. 2.08 crore on or before 30th March 2026, completing the conversion. After this allotment, Pravi Investments LLP holds 15,84,906 equity shares in the company, and 16,13,000 warrants remain outstanding for future conversion by other warrant holders.
This conversion increases the promoter group's stake in the company, bringing in about Rs. 2.08 crore of fresh capital but also resulting in mild equity dilution for existing non-promoter shareholders. The stock price may see only a limited impact since the conversion price and terms were already pre-disclosed, though promoter confidence is reinforced.