Announcement under Regulation 30 (LODR) - Allotment
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CWD Limited's board approved a preferential allotment at its meeting on April 9, 2025. The company issued 5,513 equity shares at Rs. 907 per share (Rs. 10 face value + Rs. 897 premium), raising about Rs. 50 lakhs from Madhubala Jain (public category). It also allotted 55,120 warrants convertible into equity shares at the same Rs. 907 price to two promoters — Tejas Ramniklal Kothari and Sodagudi Siddhartha Xavier (27,560 each). For the warrants, the company received 25% upfront (about Rs. 1.25 crore), with the remaining 75% payable within 18 months upon conversion. The issue price was determined as per SEBI ICDR Regulations. The total potential dilution, if all warrants are converted, is about 60,633 equity shares.
This is a small preferential issue with promoter participation, signalling promoter confidence and some capital infusion (about Rs. 1.75 crore upfront). However, the dilution is minimal and unlikely to materially affect the stock price; existing shareholders should note the potential share count increase once warrants convert within 18 months.