Promoter group receives warrants equal to 9.16% of Granules equity
GRANULES · price
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A filing dated 23 October 2026 disclosed that, on 23 February 2026, four members of Granules' promoter group received 24,982,906 warrants at Rs 585 each, convertible into one equity share within 18 months. They paid 25 percent, or Rs 146.25 per warrant. With related parties, their holding would be 38.02 percent of current equity and 43.69 percent after all 25 million warrants convert. No shares were sold or pledged.
If converted, promoter voting power increases and each existing share represents a smaller ownership slice; no sale or pledge was reported.