we hereby attach the intimation regarding the allotment of 8,59,600 Equity share pursuant to the conversion of equivalent Number of share Warrants
Price
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Him Teknoforge has allotted 8,59,600 equity shares (face value Rs. 2 each) to warrant holders who chose to convert their warrants into shares. The conversion price was Rs. 131.25 per share, which is 75% of the original warrant issue price (Rs. 175), bringing in a total consideration of about Rs. 11.28 crore. Of the allottees, two are from the promoter group (Anju Aggarwal with 5 lakh shares and Urmil Aggarwal with 3 lakh shares), while Sanmati Advisors, a non-promoter, received 59,600 shares. This is part of the 16,39,200 warrants that were originally issued on September 17, 2024. As a result, the company's paid-up equity capital has risen from Rs. 1.89 crore to Rs. 2.07 crore (an increase of about 9% in share count).
The allotment strengthens the company's equity base by about Rs. 11.28 crore and reflects promoter confidence, as promoter group members led the conversion. However, it also results in equity dilution of roughly 9% for existing shareholders. The newly allotted shares carry a mandatory lock-in period as per SEBI rules, limiting immediate selling pressure.