Please find attached the disclosure with respect to allotment of equity shares on preferential basis.
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Indian Link Chain Manufacturers has allotted 19,75,000 equity shares of face value ₹10 each at a price of ₹71 per share (including a premium of ₹61), aggregating to about ₹14.02 crores. The shares were issued to 12 non-promoter allottees, the largest being Rajendra Chodankar who received 10,00,000 shares for ₹7.1 crores, followed by smaller allotments to individuals and LLPs like Leena Sachin Shetty, Ankur Bansal, and others. This preferential issue follows board approval in May 2025, shareholder approval in June 2025, and BSE in-principle approval on 2 September 2025. Post allotment, the company's paid-up equity capital has risen nearly 5 times — from ₹50 lakh (5,00,000 shares) to ₹2.47 crore (24,75,000 shares). The Board also constituted an Allotment Committee to handle future issuances including convertible warrants.
Existing shareholders face significant dilution as the share count has expanded roughly 5x, though the company has raised fresh capital of about ₹14 crore at a healthy premium to expand its equity base. Investors should watch for the stated purpose of the fundraising and any upcoming warrant-related allotments.