Conversion of Warrant into Equity shares
Price
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Eraaya Lifespaces Ltd has approved the conversion of 12,75,000 warrants into an equal number of equity shares at Rs. 81 per share (including Rs. 80 premium). The allottee is Just Right Life Limited, a promoter group entity. This represents the final conversion tranche - all 1.5 crore warrants issued in January 2025 have now been fully converted (previously 1.37 crore converted in an earlier tranche). Post-conversion, the company's paid-up capital stands at Rs. 21.43 crore comprising 21.43 crore shares of Re. 1 each. Just Right Life Limited's holding increased from 6.44% to 7% after this allotment.
This is a routine warrant conversion by a promoter group entity with no immediate dilution impact on other shareholders since warrants were already accounted for. The completion of conversion reduces outstanding warrant obligations.