Outcome of Board Meeting held today i.e. August 07, 2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Integrated Proteins Limited, at its meeting on August 7, 2025, approved the allotment of 1,55,10,000 fully paid-up equity shares pursuant to conversion of warrants held by non-promoter category allottees. The shares were issued at Rs. 11.25 each (face value Rs. 10 plus Rs. 1.25 premium), with the balance 75% of the issue price now received from allottees (the warrants were originally allotted just a day earlier on August 6, 2025 with 25% upfront). A total of 19 allottees received shares, including entities like Gemzar Enterprise, Dalmia Industrial Development, Sappers Infra Realtors, and several individuals, with the largest allottee (Sappers Infra Realtors) receiving 11,10,000 shares. The newly issued shares will rank pari-passu with existing equity shares.
This is a dilution event — the equity base expands by 1,55,10,000 shares, reducing existing shareholders' proportional ownership. The very narrow premium (just Rs. 1.25 over face value) and the large number of allottees, several of whom appear to be from the Doshi family, may raise governance questions for retail investors.