Allotment of Equity Shares on Conversion of Warrants.
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CWD Ltd has allotted 46,903 equity shares of face value Rs. 10 each upon conversion of warrants at an issue price of Rs. 907 per warrant. The warrant holders paid the remaining 75% balance of Rs. 680.25 per warrant, bringing in approximately Rs. 3.19 crore. Additionally, 1,87,612 bonus equity shares were allotted at a 4:1 ratio to the same allottees. All 10 allottees are Non-Promoters, and there are no warrants pending for conversion from this tranche. As a result, the company's paid-up equity capital has increased from Rs. 4.39 crore to Rs. 4.63 crore.
This is a routine completion of a previously announced preferential warrant issue, with no new equity dilution beyond what was already communicated in April 2025. Shareholders may see a slight increase in share count due to the accompanying bonus issue, but no fresh capital-raising event is occurring here.