Intimation of allotment of 30,000 fully paid up equity shares upon conversion of 30,000 shares warrants on August 21, 2025, is enclosed herewith for your reference.
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ITCONS E-Solutions has allotted 30,000 fully paid-up equity shares of Rs. 10 each to two non-promoter warrant holders who converted their warrants on August 21, 2025. Ms. Sneha Bothra received 20,000 shares and Ms. Rosy Sethia received 10,000 shares at a warrant exercise price of Rs. 53.25 per share (75% of the total Rs. 71 issue price), bringing in Rs. 15.97 lakh to the company. As a result, the company's paid-up equity capital rose from Rs. 6.00 crore to Rs. 6.03 crore, with total shares increasing from 60.06 lakh to 60.36 lakh. This conversion is part of a larger preferential allotment originally made on July 29, 2024, with 90.32 lakh warrants still outstanding and pending conversion within 18 months of allotment.
This is a small, routine warrant-to-equity conversion that marginally increases the share count (by 0.5%) and is unlikely to materially affect the stock price. Shareholders should note that 90.32 lakh additional warrants remain pending conversion, which could lead to further equity dilution over time.