1. Conversion of Warrants into Equity Shares 2. Approval of Draft Board's Report and Financial Statements 3. Approval of of the 33rd Annual General Meeting Notice 4. Appointment of Scrutinizer
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The Board of Directors of Dhampure Specialty Sugars approved the conversion of 4,00,000 warrants into 4,00,000 equity shares at an issue price of ₹92 per share (including a premium of ₹82). All warrants were held by promoter and promoter group members — Mr. Sorabh Gupta, Mrs. Reena Gupta, Ms. Ananya Gupta, and Mr. Shrey Gupta — with each receiving 1,00,000 shares. The company received ₹2.76 crore as the balance 75% payment towards the warrant exercise price. Following this conversion, no warrants remain pending for conversion, and the paid-up equity capital has increased to ₹8.73 crore (87,31,200 shares of ₹10 each). The Board also approved the draft Board's Report and financial statements for FY25, fixed 30th September 2025 as the date for the 33rd AGM, and appointed Mrs. Uma Verma as Scrutinizer for the AGM voting process.
This is a promoter-led capital infusion with no new external investors or dilution for retail shareholders, as the conversion increases the promoter group's combined holding. The fresh equity strengthens the company's capital base, and the absence of any pending warrants removes future dilution uncertainty.