Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 we hereby inform you that the Board of Directors of Epuja Spiritech Limited (Formerly known as Sagar Productions Limited) at their ....
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Epuja Spiritech Limited's Board, at its meeting on May 10, 2025, approved the allotment of 6,00,000 equity shares (face value ₹1 each) pursuant to the conversion of an equal number of Fully Convertible Warrants. These warrants were originally issued at ₹3.40 each (including a ₹2.40 premium) via preferential allotment. The shares were allotted to Nipa Anil Haria, a Non-Promoter. As a result, the company's paid-up equity capital increased from ₹8,60,79,042 to ₹8,66,79,042, divided into 8,66,79,042 shares. The allottee's holding rises from 44,419 shares (0.05%) to 6,44,419 shares (0.74%), assuming full conversion of remaining warrants. A total of 8,67,87,353 warrants are still pending conversion in the future.
This is a small dilution event (about 0.7% increase in share count) and signals gradual conversion of warrants issued earlier. Shareholders should note that a large number of warrants (over 8.6 crore) remain outstanding, meaning further dilution is possible when those are exercised.