Allotment of 42,12,000 Equity shares consequent to conversion of warrant into equity shares.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hazoor Multi Projects Ltd has allotted 42,12,000 (42.12 lakh) equity shares to warrant holders who chose to convert their warrants into fully paid-up equity shares. This is a routine capital action that increases the company's total issued share count. The shares are being issued on the terms that were originally attached to the warrants at the time of their issuance. No fresh fundraising is involved — this is conversion of an instrument that was already approved and priced earlier.
Shareholders should note a modest dilution of their holdings due to the increase in share count. The event is largely procedural and typically has a limited price impact unless conversion pricing was favourable to warrant holders.