1,75,000 warrants converted into 17,50,000 equity shares
INDOTHAI · price
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On the reaction day the stock moved 4.3 pts less than Nifty Microcap 250 and 3.5 pts less than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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On 31 October 2025, 1,75,000 warrants were approved for conversion into 17,50,000 equity shares at 10 shares per warrant after the stock split. The company received the remaining 75% payment of Rs 375 per warrant, or Rs 37.5 per share, totalling Rs 65,62,50,000. Shrutina Nexgen LLP received 10,00,000 shares and Frenzy Commercial Private Limited received 7,50,000 shares. Their holdings are 0.80% and 0.60%; 75,000 warrants remain outstanding for Frenzy.
This adds 17,50,000 shares and reduces existing holders' ownership percentages. The allottees hold 1.40% combined, and 75,000 warrants remain.