1. ALLOTMENT OF EQUITY SHARES PURSUANT TO CONVERSION OF WARRANTS The Board has accorded its approval/consent for issuance and allotment of 200000 number of equity shares of face value ....
FEDDERSHOL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Fedders Holding Limited (formerly IM+ Capitals Limited) approved the allotment of 200,000 equity shares of face value Re 1 each. These shares were issued upon conversion of an equivalent number of warrants held by persons belonging to the Non-Promoter Group on a preferential basis. The warrant holders paid the remaining 75% balance amount to complete the conversion into equity shares. Following this allotment, the company's paid-up equity share capital has risen to Rs 20,14,15,970, divided into 20,14,15,970 equity shares. The newly issued shares will carry the same rights as existing shares, including dividend entitlement.
This is a minor dilution event — the 200,000 new shares represent only about 0.01% of the expanded share capital, so the financial impact on existing shareholders is negligible. The completion of warrant conversion indicates that the company has received the full subscription amount, strengthening its capital base.