Goodluck India Limited has informed the Exchange about ConversionPursuant to provision of Regulation 30 and other applicable Regulations, if any, of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, we would like to inform you that the Board of Directors of the Company in its meeting held today, May 05, 2025 which commenced at 10:30 AM and concluded at 11:15 AM, interalia, has considered and approved the following:1. Allotment of 5,00,000 Equity shares of the face value of Rs. 2 each at an issue price of Rs. 600/- each (including a premium of Rs. 598/- per share), fully paid-up upon exercising the option available with warrant holders (person belonging to promoter category) to convert 5,00,000 warrants. The detail as required pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is annexed hereto.
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The board of Goodluck India, at its meeting on May 5, 2025, approved the allotment of 5,00,000 equity shares (face value Rs. 2 each) at Rs. 600 per share, upon conversion of an equal number of warrants by promoter group members. The total value of the allotment is Rs. 30 crores, with the company receiving the full amount as these are paid-up shares upon conversion. The warrants were originally allotted on November 9, 2023. The 8 allottees are all from the promoter/promoter group family, including Shikha Garg, Umesh Garg, Ankita Agarwal, Dhruv Aggarwal, Saras Garg, Rajat Garg, Tushar Garg, and Ashish Garg & Sons HUF. Post-conversion, the paid-up share capital stands at Rs. 6.64 crores comprising 3,32,38,509 equity shares of Rs. 2 each.
Promoters are increasing their equity stake by converting warrants, signaling their continued confidence in the company. The company receives Rs. 30 crores in fresh capital, while existing public shareholders face a marginal dilution of approximately 0.15%. Overall, this is viewed as a positive signal as it reflects promoter commitment and strengthens their holding.