With reference to the Board Meeting held on 23rd September, 2025, and pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Darjeeling Ropeway Company Limited, at its meeting held on 29th November 2025, approved the receipt of the 3rd tranche of consideration for 58,00,000 convertible warrants (out of 70,00,000 originally allotted) issued to non-promoter allottees at Rs. 16.80 per warrant (including Rs. 6.80 premium). Of these, 6,00,000 warrants previously held by Mr. Ashok Jain were already converted into equity shares on 20th October 2025. The Company received Rs. 88,90,560 from Mr. Ashok Dilipkumar Jain in the 3rd tranche, bringing balance outstanding warrants to 52,00,000. Total consideration received across tranches amounts to Rs. 4,08,10,560.
The Company is strengthening its capital base by collecting the final tranche from non-promoter warrant holders, which is positive for its liquidity. Subsequent conversion of the remaining 52 lakh warrants will lead to equity dilution for existing shareholders.