Goodluck India Limited has informed the Exchange regarding Board meeting held on May 05, 2025.Pursuant 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 an issue price of Rs. 600 per share, including a premium of Rs. 598 per share. These shares were issued upon conversion of equal number of warrants originally allotted on November 9, 2023. All 8 allottees belong to the promoter group, including individuals like Shikha Garg, Umesh Garg, and Ankita Agarwal, bringing in approximately Rs. 30 crores to the company. Post-allotment, the total paid-up share capital stands at Rs. 6.64 crore comprising 3,32,38,509 equity shares.
This reflects promoter confidence and commitment as the promoter group is converting their warrants into equity rather than letting them lapse. However, it results in a mild dilution (~1.5%) for existing public shareholders. The Rs. 30 crore inflow strengthens the company's equity base.