Dj Mediaprint & Logistics Limited has informed the Exchange regarding Board meeting held on May 02, 2025.
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DJ Mediaprint & Logistics informed the exchanges that its Board approved the conversion of 3,34,581 warrants into an equal number of equity shares of Rs. 10 face value each, at a premium of Rs. 104 per share (total issue price Rs. 114). This conversion, from warrants allotted on a preferential basis on January 02, 2025, involved 12 non-promoter allottees who paid the balance 75% amount of Rs. 2,86,06,675.50 in cash. Post this allotment, the company's paid-up equity capital rose to Rs. 32.81 crore, comprising 3,28,18,101 equity shares. Notably, promoter Dinesh Muddu Kotian still has 46,10,359 warrants pending conversion, and non-promoters have another 32,88,419 warrants pending, signalling further potential equity dilution ahead.
Existing shareholders face modest equity dilution from the new share issuance, and the large pool of unconverted warrants (over 78.9 lakh) could lead to significant further dilution if and when promoters and other allottees choose to convert. The shares were issued at a premium, so the company raised fresh capital at a healthy valuation, but the stock may see near-term supply pressure as more warrants get converted.