Hindustan Foods Limited has informed the Exchange regarding Outcome of Share Allotment Committee Meeting held on Jun 18, 2025.
HNDFDS · price
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Awaiting price reaction for this filing.
Hindustan Foods Limited allotted 19,79,349 equity shares on June 18, 2025, following the conversion of convertible warrants from a 2023 preferential issue. Malabar Select Fund received 9,15,331 shares at Rs. 546.25 each, and Bay Capital Holdings Limited received 10,64,018 shares at Rs. 563.90 each, bringing in a combined Rs. 82.50 crores as the 75% balance payment. Separately, 5,32,009 warrants held by Ms. Vanaja Sundar Iyer lapsed as she did not exercise them within the conversion period, and the 25% upfront money of Rs. 7.50 crores was forfeited. The company's paid-up equity share capital rose to Rs. 23.90 crores, comprising 11,94,81,762 shares of Rs. 2 each.
This is a dilution event from a previously disclosed preferential issue, expanding the share base by roughly 1.7%. Existing shareholders are mildly diluted, but the company strengthens its equity base at a high premium per share. No immediate price catalyst is expected, as the warrant conversion was largely priced in since 2023.