Please find enclosed the disclosure with respect to the allotment of equity shares and convertible warrants on a preferential basis.
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Indian Link Chain Manufacturers has allotted 2,00,000 equity shares at ₹71 each (₹61 premium) to Atul Chauhan (HUF), raising ₹1.42 crore. It also allotted 53,00,000 convertible warrants at ₹71 each, with 25% upfront money of ₹9.41 crore received from 8 non-promoter allottees, for a total potential inflow of ₹37.63 crore upon conversion. The company's paid-up equity capital has increased from ₹2.475 crore to ₹2.675 crore. All allotments are to non-promoter category investors under SEBI preferential issue regulations.
This is a capital infusion through preferential allotment, which is generally dilutive for existing shareholders but strengthens the company's capital base. Shareholders should monitor the warrant conversion as it could further dilute equity if all 53 lakh warrants are converted into shares.