Announcement under Regulation 30 (LODR) - Allotment
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 7.2 pts less than Nifty Microcap 250 and 7.8 pts less than its Consumer Electronics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CWD Ltd's board approved the allotment of 4,82,043 equity shares at Rs. 907 each (Rs. 10 face value + Rs. 897 premium), raising about Rs. 43.72 crores on a preferential basis. Additionally, 4,76,868 convertible warrants were allotted at the same price, with 25% subscription money (about Rs. 10.81 crores) already received and the remaining 75% payable within 18 months upon conversion. A total of 49 investors received equity shares and 41 received warrants, mostly individuals and small entities/firms. Another board meeting is scheduled for April 9, 2025 to clear the balance pending allotments where funds are still awaited.
The company is raising fresh capital from a broad pool of investors, which will dilute existing shareholders both immediately and potentially further if the warrants are fully converted. Since this was done on a preferential basis, retail shareholders did not get a chance to participate. The Rs. 54+ crore infusion should strengthen the company's funds, but the use of proceeds is not disclosed in this filing.