Outcome of Meeting of Board of Directors in accordance with Regulation 30 Obligations of the SEBI (Listing and Disclosure Requirements) Regulations, 2015.
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The Board of Directors of Dolphin Kitchen Utensils and Appliances Ltd, at its meeting on November 14, 2025, approved the allotment of 5,25,000 equity shares (face value INR 10 each) to 5 non-promoter public individuals upon conversion of an equivalent number of Fully Convertible Equity Warrants. These warrants were originally issued on February 7, 2025, as part of a larger pool of 66,40,000 warrants, at a conversion price of INR 55.50 per share via preferential allotment. As a result, the company's paid-up equity share capital rose from INR 12,73,27,100 (1,27,32,710 shares) to INR 13,25,77,100 (1,32,57,710 shares). The allotments were spread across individuals such as Anant Singhvi (1,35,000 shares), Manak Raj Daga (1,40,000 shares), Abhilash Gangrade (75,000 shares), Lunkaran Jain (1,25,000 shares), and Suresh Kumar (50,000 shares).
This is a routine warrant-to-equity conversion that mildly dilutes existing shareholders by about 4% (5.25 lakh new shares on a 1.27 crore base). No fresh cash inflow for the company at this stage, since the warrant subscription money was already received at the time of original warrant issuance in February 2025; the remaining 61.15 lakh warrants are still pending conversion.