Allotment of 7,62,500 Equtiy Shares of Rs. 10/- each at a Premium of Rs. 48.25 per Equity Share pursuant to conversion of 7,62,500 Convertible Warrants
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Fundviser Capital (India) Ltd has allotted 7,62,500 equity shares of Rs. 10 face value at a premium of Rs. 48.25 per share (issue price Rs. 58.25) to promoter group entities following the conversion of the second tranche of convertible warrants originally issued on a preferential basis on 31 March 2024. The company received Rs. 3.33 crore in total from the three allottees — Mohit Jain HUF (1,07,500 shares), Moksh Finvest & Advisors LLP (6,30,000 shares) and Malika Jain (25,000 shares). Post-allotment, the paid-up equity share capital has risen from Rs. 5.15 crore (51,52,500 shares) to Rs. 5.92 crore (59,15,000 shares).
No fresh capital has come in from the market — this is purely a warrant-to-equity conversion by promoter group entities, which is mildly dilutive for existing public shareholders but signals continued promoter commitment and confidence in the company.