In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), we wish to inform you that the Board of Directors ....
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The Board of Directors of Fratelli Vineyards Ltd (formerly Tinna Trade Limited) approved the allotment of 1,50,000 equity shares (face value Rs. 10) upon conversion of warrants to five promoter group allottees at Rs. 300 per share, on a preferential basis, raising Rs. 4.5 crore in total consideration. The allottees include Puja Sekhri, Gaurav Sekhri, Aarti Sekhri, Shobha Sekhri, and Chin Min Developers Pvt Ltd, each receiving 30,000 shares. As a result, the company's paid-up equity capital rose from Rs. 43,27,78,940 (4,32,77,894 shares) to Rs. 43,42,78,940 (4,34,27,894 shares), with promoter group holding increasing marginally from 34.15% to 34.38%. Additionally, the Board approved an unsecured loan of up to Rs. 12 crore to its wholly owned subsidiary Fratelli Wines Private Limited at 10% per annum interest, repayable on demand, for general corporate purposes.
Minor dilution of equity (less than 0.35% increase in share count) and a small uptick in promoter shareholding; the Rs. 12 crore inter-company loan is intra-group and unlikely to materially impact minority shareholders. No major operational or strategic shift indicated.