D. P. Abhushan Limited has informed the Exchange regarding allotment of 167500 securities pursuant to exercise of warrants allotted on preferential basis at its meeting held on July 01, 2025
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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 equal number of warrants originally issued on a preferential basis in July 2024 at Rs. 1,182 per warrant. The company received a balance amount of Rs. 14.82 crore from the warrant holders as the remaining 75% payment due on exercise. Allottees include Mrs. Supriya Kataria (50,000 shares), Mr. Udit Kataria (50,000 shares), Prabhudas Lilladher Advisory Services (50,000 shares), and Harit Exports Private Limited (17,500 shares). As a result, the company's paid-up equity share capital has risen from Rs. 22.66 crore (2,26,60,420 shares) to Rs. 22.83 crore (2,28,27,920 shares). This completes the conversion of all 2,17,000 warrants originally issued, leaving no outstanding warrants.
This is a routine warrant-to-equity conversion, not fresh fundraising from the market. Existing shareholders will see a mild dilution of about 0.74% in their holding as the share count rises by 1,67,500. The company has already received the funds, so there is no cash inflow impact — this simply converts an existing instrument into equity.