Inter Globe Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/11/2025 ,inter alia, to consider and approve Inter Globe Finance Ltd ....
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Inter Globe Finance Ltd has informed BSE that its Board of Directors will meet on November 6, 2025, primarily to approve the conversion of previously issued convertible warrants into equity shares of Rs. 10 each. The conversion will be on a preferential basis to both Promoters and Non-Promoters at a price not less than Rs. 46.50 per share. This action follows a special resolution already passed by shareholders at an Extra Ordinary General Meeting held on March 18, 2025. BSE had earlier granted its in-principle approval for this preferential issue on May 15, 2024. Once the board approves, additional equity shares will be allotted, increasing the total share capital of the company.
Existing shareholders will see dilution as new equity shares are issued upon conversion of warrants, though at a price well above face value. The conversion brings fresh capital into the company and signals that warrant holders are exercising their right to convert, which can be mildly positive for the stock.