Outcome of Board Meeting held on 10th January, 2026 through video conferencing to approve the allotment of equity shares on preferential basis and convertible warrants
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ecoboard Industries' board, which met on 10th January 2026, approved a preferential allotment of 34,41,417 equity shares at Rs. 33.50 each (face value Rs. 10, premium Rs. 23.50), raising Rs. 11.53 crore. It also allotted 18,07,835 convertible warrants at the same Rs. 33.50 exercise price, aggregating Rs. 6.06 crore, with 25% (Rs. 1.51 crore) received upfront and the balance due on conversion within 18 months. Of the equity shares, promoter Rama Krishna Raju Gottumukkala received 16,25,000 shares by converting a loan into equity, while non-promoter allottees (including Pushkala Avenues LLP for 14,92,537 shares) paid cash. The promoter also received all 18,07,835 warrants in lieu of further loan conversion. The allotments were made under shareholder approvals dated 7th November 2025, complying with Companies Act 2013 and SEBI (ICDR) Regulations.
Existing shareholders face equity dilution from the preferential issue, partly offset by the promoter strengthening their stake through loan-to-equity conversion rather than fresh cash outflow. The Rs. 1.51 crore upfront warrant money provides limited immediate cash infusion, with the remaining Rs. 4.54 crore contingent on warrant exercise within 18 months.