Five-Star Business Finance Limited has informed the Exchange about allotment of 3,10,000 equity shares pursuant to conversion of share warrants
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Five-Star Business Finance has allotted 3,10,000 equity shares after conversion of share warrants that were originally issued to employees on a preferential basis in October 2024. The shares were issued at INR 770 each (face value INR 1, premium INR 769). The allottees are Promoter and Chairman & MD Lakshmipathy Deenadayalan (2,60,000 shares) and Joint MD & CFO Srikanth Gopalakrishnan (50,000 shares), together paying about INR 23.87 crore in balance consideration. The promoter group's fully diluted holding has risen slightly from 18.41% to 18.48%, while the MD's individual holding moved from 10.36% to 10.44%. The company's paid-up share capital has increased marginally from INR 29.46 crore to INR 29.49 crore.
This is a small dilution event tied to the promoter and senior management's existing warrant holdings, not a fresh capital raise from the market. Shareholders should note a marginal increase in promoter stake and slight share count expansion, but the impact on float and stock price is negligible.