Ishan Dyes and Chemicals Limited has informed the Exchange regarding allotment of 740700 Equity Shares pursuant to Preferential Issue at its meeting held on March 28, 2026
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Ishan Dyes and Chemicals has allotted 7,40,700 fully paid-up equity shares of ₹10 face value at ₹63 per share (including a ₹53 premium) following the exercise of convertible warrants by promoter Piyushbhai Natvarlal Patel. The promoter paid the remaining 75% of the issue price (₹47.25 per warrant, totalling about ₹3.50 crore) to convert these warrants into shares. As a result, the company's paid-up equity share capital increased from 2,65,63,697 shares (₹26.56 crore) to 2,73,04,397 shares (₹27.30 crore). The original warrants were allotted on 20 September 2025 at ₹63 each with 25% upfront payment, and 34,20,892 warrants remain outstanding for conversion within 18 months.
This is a promoter-led capital infusion that increases the share count and slightly dilutes existing shareholders. Since the conversion was already approved and disclosed earlier, the stock impact is likely limited, though further warrant conversions remain pending.