Allotment of warrants convertible into Equity Shares to the Promoter and Promoter Group on Preferential Basis
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Dhampure Specialty Sugars Limited has allotted 8,80,000 share warrants to its promoters and promoter group. Each warrant priced at Rs. 106 (including Rs. 96 premium) can be converted into one equity share of Rs. 10 face value within 18 months. The allottees include Mr. Sorabh Gupta, Mrs. Reena Gupta, Mr. Shrey Gupta, and Ms. Ananya Gupta, each receiving 2,20,000 warrants. The company received Rs. 2,33,20,000 as upfront payment (25% of issue price), with the remaining 75% payable upon conversion. Total warrant value aggregates to Rs. 9,32,80,000. This follows a special resolution passed at an EGM on 18th March 2026 and in-principle approval from BSE dated 27th April 2026.
This is a promoter-funded capital raise, which will dilute existing shareholders' stake once warrants convert to equity shares. The promoter group is infusing funds into the company, which could be positive for operations but may pressure EPS for existing shareholders.