Outcome of the Board Meeting held on Wednesday, April 09, 2025.
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CWD Ltd's board, at its meeting on April 9, 2025, approved a preferential allotment at Rs. 907 per share (Rs. 10 face value + Rs. 897 premium). The company allotted 5,513 equity shares to one public investor (Madhubala Jain), raising approximately Rs. 50 lakhs. Additionally, 55,120 warrants convertible into equity shares were issued to two promoter-group individuals (Tejas Ramniklal Kothari and Sodagudi Siddhartha Xavier, 27,560 each). The company received 25% of the warrant issue price upfront (Rs. 1.25 crore), with the remaining 75% payable within 18 months upon conversion. The issue price was determined in compliance with SEBI ICDR Regulations.
This is a small preferential issuance that brings in modest capital (around Rs. 1.75 crore upfront including warrant subscription). The warrant component, issued to promoters, signals insider confidence but will lead to potential equity dilution of up to 60,633 shares once converted within 18 months. Minor dilution expected for existing shareholders.