In accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015, we hereby inform you that the Board of Director of the company through circulation alloted 44500 equity shares of ....
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The Board of Directors of Fratelli Vineyards (formerly Tinna Trade) approved the allotment of 44,500 equity shares of Rs. 10 face value each, arising from the conversion of warrants that were originally issued on a preferential basis on August 23, 2024 at Rs. 300 per warrant. The sole allottee is promoter Mrs. Shobha Sekhri, who paid the balance 75% subscription amount (Rs. 225 per warrant), aggregating Rs. 1,00,12,500. After allotment, her shareholding rose marginally from 7.31% to 7.41% (31,76,048 to 32,20,548 shares). The company's paid-up equity capital increased from Rs. 43.43 crore (4,34,27,894 shares) to Rs. 43.47 crore (4,34,72,394 shares).
Minor equity dilution of roughly 0.01% for existing public shareholders. Promoter completing full warrant subscription signals continued confidence, but the small size of this allotment means negligible impact on the stock price.