In accordance with Regulation 30 of the SEBI (LODR) Regulaiton, 2025, we hereby informed you that the Board of Director alloted 150000 equity shares of Rs. 10/- each pursuant to the conversion ....
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The Board of Directors of Fratelli Vineyards Limited approved the allotment of 1,50,000 equity shares of Rs. 10 each upon conversion of warrants originally issued on August 23, 2024. The warrants were converted at Rs. 300 per share, with the balance 75% subscription of Rs. 225 per warrant paid now, bringing in Rs. 3.375 crore. All 5 allottees are from the promoter group (Sekhri family members and Chin Min Developers Pvt Ltd). Post-allotment, paid-up equity capital rose from Rs. 43.28 crore to Rs. 43.43 crore (4.34 crore shares). Separately, the Board approved an unsecured loan of up to Rs. 12 crore to its wholly owned subsidiary Fratelli Wines Pvt Ltd at 10% per annum interest, repayable on demand, for general corporate purposes.
Minimal dilution of about 0.35% for existing shareholders since all allotments are to promoters, reinforcing promoter confidence in the company. The Rs. 12 crore inter-corporate loan to the subsidiary is a routine related-party transaction at arm's length terms and is not expected to materially affect the stock price.