Crown Lifters Limited has informed the Exchange regarding allotment of 80000 Equity Shares of face value of Rs. 10 each upon conversion of warrants.
CROWN · price
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Crown Lifters Limited has allotted 80,000 equity shares of face value Rs. 10 each to non-promoter investor Tushar Aggarwal upon conversion of an equivalent number of warrants. The shares were issued at Rs. 268 per share (including a premium of Rs. 258), with the company receiving Rs. 1.60 crore (the 75% balance amount due on conversion). Following this allotment, the total paid-up equity capital has increased to Rs. 11.59 crore, comprising 1,15,90,000 fully paid-up shares. The warrants were originally allotted on November 12, 2024, and this conversion completes the exercise with no warrants remaining pending.
The conversion is mildly dilutive (Tushar Aggarwal's post-issue holding is just 0.69%), so impact on existing shareholders is minimal. The company has received Rs. 1.60 crore in fresh capital, strengthening its equity base without any significant change in control.