Outcome of meeting of Board of Directors held on i.e. Tuesday, September 30, 2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Gourmet Gateway India Ltd approved the allotment of 3,16,667 equity shares (face value Rs. 1 each) on a preferential basis, arising from the part conversion of convertible warrants. The shares were allotted at Rs. 26.20 per share (including a premium of Rs. 25.20), and the company received Rs. 62.22 lakh as the balance 75% consideration from warrant holders. Six allottees, all in the 'Public' category, exercised part of their warrants — notable names include Harsh Sarwankumar Saraf (1,33,333 shares) and Anup Gupta (66,667 shares). Following this allotment, the company's paid-up equity share capital has increased to Rs. 15.13 crore, comprising 15,13,07,876 equity shares. The remaining 6,33,333 warrants are still pending for conversion within the 18-month window.
This is a dilution event for existing shareholders as the share count rises, though the capital raised (Rs. 62.22 lakh) is modest. The conversion signals that warrant holders are confident enough to exercise their instruments and pay the balance amount, which is mildly positive for the stock.