Dc Infotech And Communication Limited has informed the Exchange about Conversion of 4,00,000 convertible warrant into equity shares.
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DC Infotech's board approved the conversion of 4,00,000 convertible warrants into an equal number of equity shares at Rs. 235 per share (face value Rs. 10). These warrants were originally allotted in August 2024 on a preferential basis to non-promoter allottees — Minus Media Private Limited (1,50,000 shares), Rajvee Prakash Shah (1,50,000 shares), and Jignesh Amrutlal Thobhani (1,00,000 shares). The balance 75% of the consideration (approximately Rs. 7.05 crore out of the total ~Rs. 9.4 crore) was received on February 12, 2026, triggering the conversion. The company's paid-up share capital rises from 1.60 crore shares (Rs. 16 crore) to 1.64 crore shares (Rs. 16.4 crore). Additionally, the board approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.
The conversion results in a modest equity dilution of about 2.5% for existing shareholders, but brings in approximately Rs. 7.05 crore of fresh capital into the company. The shares allotted will rank pari passu with existing equity and will be subject to any applicable SEBI lock-in rules; this is a routine completion of a previously announced preferential warrant issue.