Conversion of 4,00,000 warrants into Equity Shares at issue price of Rs.92 (including premium of Rs.82) to persons belonging to promoter category on preferential basis upon receipt of balance ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 1.9 pts less than its Sugar peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Dhampure Speciality Sugars has converted 4,00,000 warrants into equity shares at Rs.92 per share (including Rs.82 premium over the Rs.10 face value), allotted to four members of the promoter/promoter group on a preferential basis. The company received the balance 75% amount of Rs.69 per warrant, totalling Rs.2.76 crore, as the final payment to trigger conversion. This completes the conversion of all 8,00,000 warrants originally allotted on April 13, 2024, with zero warrants now pending. Post-allotment, the company's paid-up equity capital stands at Rs.8.73 crore comprising 87,31,200 equity shares of Rs.10 each. Promoter Sorabh Gupta's holding shifts slightly from 43.35% to 42.51% (due to capital base expansion), while Reena Gupta's stake rises from 9.51% to 10.21%.
This is a promoter-driven capital infusion that strengthens the company's equity base without bringing in outside investors. The new shares are subject to SEBI-mandated lock-in, limiting immediate selling pressure. For shareholders, this is largely neutral on price but signals continued promoter confidence and commitment to the business.