Board Meeting held on October 15, 2025 for allotment of Equity Shares.
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The board of Dolphin Kitchen Utensils and Appliances Ltd, at its meeting on October 15, 2025, approved the allotment of 2,00,000 equity shares of face value INR 10 each. These shares were issued upon conversion of an equal number of Fully Convertible Equity Warrants, originally issued on February 7, 2025, at INR 55.50 per warrant via preferential allotment. The shares went to two non-promoter resident individuals — Mithalal B and Aadityakaran M — each receiving 1,00,000 shares. As a result, the company's paid-up equity capital rose from INR 12.53 crore (1,25,32,710 shares) to INR 12.73 crore (1,27,32,710 shares). The remaining 5,25,000 warrants are pending conversion within 18 months from the original allotment date.
This is a routine warrant-to-equity conversion that results in a modest ~1.6% expansion of the share count and brings in INR 1.11 crore of additional capital. It is mildly dilutive for existing shareholders but reflects previously committed funding, not fresh fundraising, so any immediate stock price impact should be limited.