Board approves conversion of 4 lakh warrants into equity shares
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Board approved conversion of 4,00,000 warrants held by promoter group Vachi Commercial LLP into 4,00,000 equity shares of face value Rs. 2 each. This is the final tranche of 20,00,000 warrants originally allotted in January 2025; 16,00,000 had already been converted earlier. Paid-up equity capital rises from Rs. 6.27 crore to Rs. 6.35 crore (3,13,53,000 to 3,17,53,000 shares). Vachi Commercial LLP holding increases from 11.32% to 12.44% post conversion. All 20 lakh warrants now stand fully converted with none outstanding.
Mild dilution for public shareholders as promoter group entity Vachi Commercial LLP stake rises from 11.32% to 12.44%; signals continued promoter confidence in the company.