Board meeting held on 26th July, 2025 To consider and approve the following: 1. allotment of 852941 Equity Shares pursuant to conversion of Warrant 2. Appointment of M K Samdani & Co. as ....
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Epuja Spiritech Ltd's board approved the allotment of 852,941 equity shares (face value Rs. 1) at Rs. 3.40 per share, arising from the conversion of fully convertible warrants. Allotments were made to two non-promoter allottees — Amey Arvind Kulkarni (352,941 shares) and Prasad Vishnu Shanbhag (500,000 shares). As a result, the company's paid-up equity capital rose from Rs. 8.82 crore to Rs. 8.91 crore. The board also appointed M K Samdani & Co., Company Secretaries, as the Secretarial Auditor for FY 2024-25. About 8.44 crore warrants remain pending conversion into equity shares in the future.
The share allotment is a modest dilution of less than 1% and is limited to two non-promoter allottees, so it should not materially affect existing shareholders. The secretarial auditor appointment is a routine compliance matter.