Intimation of Allotment of 254400 equity shares upon conversion of warrants as per terms.
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Jhaveri Credits & Capital has allotted 254,400 equity shares of face value Rs. 10 each to Riddhi Landmark LLP (a non-promoter entity) on September 2, 2025. These shares were issued upon conversion of warrants that were originally allotted on a preferential basis on March 6, 2024 at a total issue price of Rs. 285 per warrant (Rs. 71.25 subscription + Rs. 213.75 exercise price). The company received 75% of the warrant exercise price from the holder before proceeding with the conversion. Following this allotment, the paid-up equity share capital has increased from Rs. 9.23 crore (92,31,536 shares) to Rs. 9.49 crore (94,85,936 shares). The action was carried out in compliance with SEBI's ICDR Regulations, 2018.
The conversion results in a modest equity dilution (about 2.8% increase in share count) and brings in additional capital into the company. It also signals that the non-promoter warrant holder sees value in converting at the agreed exercise price, which is mildly positive for sentiment.