Inox Green Energy Services Limited has informed the Exchange regarding allotment of 1451181 securities pursuant to Preferential Issue at its meeting held on November 04, 2025
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Inox Green Energy Services has allotted 14.51 lakh equity shares to non-promoter warrant holders at Rs. 145 per share (Rs. 10 face value plus Rs. 135 premium). This allotment follows conversion requests from warrant holders who paid the remaining 75% of the issue price. The warrants were originally issued on 2 August 2024, when 4.48 crore unlisted convertible warrants were allotted on a preferential basis at Rs. 145 each. After this allotment, the company's paid-up equity capital has risen to Rs. 373.37 crore, while the fully diluted share capital stands at Rs. 411.66 crore. The new shares will rank equally with existing shares for dividends and voting rights.
This is a partial conversion of previously issued warrants, leading to mild equity dilution for existing shareholders. However, the company benefits by receiving the remaining 75% of the warrant issue price, boosting its cash position. The stock price impact is likely limited as the conversion price was set in 2024.