Dj Mediaprint & Logistics Limited has informed the Exchange regarding Outcome of Board Meeting held on July 19, 2025.The Board approved the conversion of 98250 warrants convertible into 98250 equity shares of face value of Rs. 10 each including a premium of Rs 104.
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DJ Mediaprint & Logistics has converted 98,250 convertible warrants into equity shares through a preferential allotment. Two public allottees — Vandana Sandeep Mehta (78,750 shares) and Ranasingh Babusingh Patil (19,500 shares) — paid the remaining 75% of the issue price, contributing a total of Rs. 84,00,375. The issue price was Rs. 114 per share, which is at a premium of Rs. 104 over the face value of Rs. 10. After this conversion, the company's paid-up equity share capital has risen to Rs. 32.97 crore, consisting of 3,29,77,851 equity shares of Rs. 10 each. Promoter Dinesh Muddu Kotian still holds 46,10,359 warrants pending conversion, while non-promoters hold 31,28,669 warrants pending conversion.
This is a small dilution event for existing shareholders, but it brings in Rs. 84 lakh of fresh capital into the company. With the bulk of promoter and public warrants still pending conversion, shareholders should expect further equity dilution in the coming quarters as those warrants are exercised.