We hereby inform you that the Board of Directors of the Company, at its meeting held today, i.e., Wednesday, 21st January, 2026, at the registered office of the Company situated at 104, ....
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On 21st January 2026, the Board of Directors of Darjeeling Industriies Limited approved the allotment of 30,12,010 fully paid-up equity shares arising from the conversion of an equivalent number of convertible warrants. The shares were issued at Rs. 16.80 each (face value Rs. 10 plus Rs. 6.80 premium) to six non-promoter allottees, namely Ashok Dilipkumar Jain, Abhishek Prakash Jain, Punyah Sachin Jain, Kirti Ravi Kothari, Kalidas Vijay Magar, and Joy Banerjee. The company received Rs. 3.79 crore as the remaining 75% exercise price for these warrants. As a result, the paid-up equity share capital rose from Rs. 4.85 crore (48,50,000 shares) to Rs. 7.86 crore (78,62,010 shares). Around 21.88 lakh warrants are still pending conversion out of the original 70 lakh warrants issued in September 2025.
This is a non-promoter preferential allotment via warrant conversion, which dilutes existing shareholders by roughly 62% on a share-count basis but brings in additional capital (Rs. 3.79 crore) to the company. The new shares will need to be listed on BSE, which could create short-term supply pressure once trading begins.