D. P. Abhushan Limited has informed the Exchange regarding Outcome of Board Meeting held on July 01, 2025.
DPABHUSHAN · price
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D. P. Abhushan Limited has allotted 1,67,500 equity shares of Rs. 10 each to four allottees upon conversion of warrants that were originally issued on a preferential basis on July 5, 2024. The warrants were issued at Rs. 1,182 each, and the company has now received the balance amount of Rs. 14.82 crore from the warrant holders. The allottees include promoter-related entities (Mrs. Supriya Kataria and Mr. Udit Kataria), Prabhudas Lilladher Advisory Services, and Harit Exports Private Limited. Following this allotment, the company's paid-up equity share capital has increased from Rs. 22.66 crore (2,26,60,420 shares) to Rs. 22.83 crore (2,28,27,920 shares).
This is a completion of a previously announced preferential warrant issue, so the Rs. 14.82 crore inflow has already strengthened the company's funds. Shareholders face a minor dilution of about 0.74% as equity base expands, but no negative impact is expected since the capital was already anticipated.