The Warrant Holders pursuant to the conversion of Outstanding Warrants into Equity Shares have submitted the Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011. The details ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Fundviser Capital (India) Ltd informed BSE that 7,62,500 convertible warrants held by promoter group entities were converted into equity shares on 24 April 2025. The warrants were issued under a preferential allotment made on 31 March 2024, and this was the second tranche of conversion. All three allottees belong to the promoter/promoter group: Moksh Finvest & Advisors LLP received 6,30,000 shares, Mohit Jain HUF received 1,07,500 shares, and Malika Jain received 25,000 shares, at Rs. 10 face value plus Rs. 48.25 premium per share. After the conversion, the promoter group's total holding stands at 39,25,169 equity shares, representing 66.36% of the diluted share capital. The company's total equity share capital increased from Rs. 5.15 crore (51,52,500 shares) to Rs. 5.92 crore (59,15,000 shares), and no warrants remain outstanding.
This is a pre-scheduled conversion of warrants already allotted to promoters, not a fresh market purchase, so it strengthens promoter control without new cash inflow at the company level. Shareholders should note promoter group holding has risen to 66.36% of diluted capital, which may limit free float and could weigh on liquidity in the stock.