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/-
DJML · price
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Awaiting price reaction for this filing.
On June 11, 2025, the board of DJ Mediaprint & Logistics approved the conversion of 61,500 convertible warrants into equity shares at an issue price of ₹114 per share (face value ₹10 + premium ₹104). The allottees, Viha Ashok Jain (10,500 shares) and Ishu Datwani (51,000 shares), paid the balance 75% amounting to ₹52,58,250. Post this conversion, the paid-up equity capital rose to ₹32.88 crore, comprising 3,28,79,601 equity shares of ₹10 each. A significant number of warrants remain pending conversion — 46,10,359 from promoter Dinesh Muddu Kotian and 32,26,919 from non-promoters/public.
This is a small dilution event (61,500 shares out of ~3.29 crore total) with no immediate material impact on share price. However, the large pool of unconverted warrants (over 78 lakh shares) from promoter and public allottees remains a potential overhang, and any future conversion could dilute existing shareholders.