In continuation of the Board Meeting held on Friday, 21st November, 2025 and pursuant to the Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ....
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The Board of Directors of Dhanashree Electronics Ltd, in a meeting held on 25th November 2025, approved the allotment of 1,61,41,000 (1.61 crore) Convertible Warrants to select allottees on a preferential basis. Each warrant is convertible into one equity share of Rs. 10 face value at a price of Rs. 30 per share (including Rs. 20 premium) within 18 months. The allotments are split between the Promoter Group (1,32,50,000 warrants to three entities, including Evergreen Commodities, Sukhvarsa Constructions, and Varsha Nirmaan) and the Public category (28,91,000 warrants to 12 allottees). The 25% upfront consideration amounts to Rs. 12.10 crore, with the balance of Rs. 22.50 per warrant due upon conversion. Following full conversion of all 3,31,05,000 warrants (including 1,69,64,000 allotted on 21st November 2025), the company's paid-up equity capital will expand nearly fourfold from Rs. 11.19 crore (1.11 crore shares) to Rs. 44.295 crore (4.43 crore shares).
This is a significant dilutive event: the equity base will roughly quadruple once all warrants are converted, which will reduce the proportionate holding of existing shareholders. However, the preferential allotment to the promoter group strengthens promoter control, and the Rs. 12+ crore in fresh capital could support business expansion. Existing shareholders should expect meaningful share count expansion and potential near-term price pressure as the conversion window approaches.