Dj Mediaprint & Logistics Limited has informed the Exchange regarding Board meeting held on Jun 11, 2025.-The Board of Directors of the Company in the Board Meeting held today on June 11, 2025 considered and approved the conversion of 61,500 (sixty One Thousand, Five Hundred Only) warrants convertible into 61,500 (sixty One Thousand, Five Hundred Only) equity shares of *face value of ₹ 10/- each including premium of Rs. 104/-
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The Board of DJ Mediaprint & Logistics approved the conversion of 61,500 warrants into an equal number of equity shares at ₹114 per share (face value ₹10 + premium ₹104). Two public-category allottees — Viha Ashok Jain (10,500 shares) and Ishu Datwani (51,000 shares) — paid the balance 75% amount of ₹52.58 lakh to exercise their conversion right. Following this allotment, the company's paid-up equity capital increased to ₹32.88 crore, comprising 3,28,79,601 equity shares of ₹10 each. These warrants were originally issued on a preferential basis on January 2, 2025, with shareholder approval obtained at the EGM on October 6, 2024. A large pool of warrants — 46.10 lakh belonging to promoter Dinesh Muddu Kotian and 32.27 lakh to non-promoters — remain pending for conversion.
This is a minor dilution event with no fresh capital infusion beyond the warrant exercise price already committed by allottees; share count rises by just 61,500 shares (about 0.02%). Investors should note that a much larger number of promoter and public warrants are still pending conversion, which could create further dilution overhang in the future.