Please find enclosed herewith outcome of the board meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Julien Agro Infratech Ltd's board, which met on April 5, 2025, approved the allotment of 2 crore warrants to 8 allottees on a preferential basis. Each warrant can be converted into one equity share at Rs. 13.50, taking the total potential issue size to Rs. 27 crore. The company has already received 25% of the warrant price (Rs. 6.75 crore) upfront, with the remaining 75% payable at the time of warrant exercise. Allottees include entities such as Kaizen Agro Infrabuild, Baba Bhoothnath Group companies, Jiwandeep Advisory LLP, and Linkplan Shoppers, among others. The warrants are exercisable in one or more tranches over 18 months from the date of allotment, in line with shareholder approval secured on February 25, 2025 and SEBI ICDR norms.
This is a dilutive preferential issue — if all warrants are exercised, the equity base will expand meaningfully, though the company only receives the balance Rs. 20.25 crore later. Existing shareholders should expect potential equity dilution once warrants are converted. The stock may see pressure as the exercise price of Rs. 13.50 becomes the new effective benchmark for the issue.