We wish to inform your esteemed organization that the Board of Directors of the Company in its meeting held on 09th April, 2026 has inter alia, considered and approved the allotment 7,50,000 ....
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The Board of Containe Technologies approved the conversion of 7,50,000 warrants into equal number of equity shares on 9th April 2026. The warrants were originally allotted on a preferential basis in October 2024 at Rs. 86 per share (face value Rs. 10 plus Rs. 76 premium). One non-promoter allottee, Pushpa Bhaju, paid Rs. 4.84 crore (75% of the issue price) to exercise the conversion. Following this allotment, the company's paid-up equity capital has increased to Rs. 6.99 crore, consisting of 69,94,000 shares of Rs. 10 each, up from 62,40,000 shares earlier. Of the original 24,50,000 warrants allotted in 2024, 17,00,000 warrants are still pending conversion and may add further shares if exercised within the 18-month window.
This results in mild equity dilution of about 12% for existing shareholders, though the company received Rs. 4.84 crore in fresh capital. The allottee is a non-promoter, so promoter holding remains unchanged. Investors should note that 17 lakh more warrants remain outstanding and could lead to additional dilution if converted before the deadline.