Allotment of 1,61,41,000 Convertible warrants to the allottee(s) belonging to the Promoter and Promoter Group category and Public Category on a preferential basis.
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Dhanashree Electronics Ltd has allotted 1,61,41,000 convertible warrants to 16 allottees, including both Promoter Group entities (Evergreen Commodities, Sukhvarsa Constructions, Varsha Nirmaan) and Public Category individuals. Each warrant is convertible into one equity share of Rs. 10 face value at a price of Rs. 30 per share (a premium of Rs. 20), within 18 months from the date of allotment. An upfront 25% consideration of Rs. 12.10 crore has been received, with the remaining 75% to be paid before exercising the conversion option. Together with 1,62,64,000 warrants allotted on 21st November 2025, full conversion would expand the company's paid-up equity capital from Rs. 11.19 crore (1.11 crore shares) to Rs. 44.74 crore (4.47 crore shares), roughly a 4x increase in share count.
Existing shareholders face significant potential dilution — the share count could nearly quadruple once all warrants are converted. Promoter-affiliated entities are increasing their stake, which may signal promoter confidence but also means retail shareholders' ownership will shrink unless they participate in future capital raises.