Please find enclosed herewith the "allotment of fully convertible warrants into Equity Shares" under Regulation 30 of SEBI (LODR) Regulation, 2015
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Julien Agro Infratech has converted 2,00,00,000 fully convertible warrants into equity shares at Rs. 13.50 each (Rs. 5 face value plus Rs. 8.50 premium), on a 1:1 basis. These warrants were originally allotted on March 25, 2025 to 8 non-promoter allottees, and members had approved the issue on February 25, 2025. Allottees had already paid 75% (Rs. 6.75 crore) at the time of warrant allotment; the remaining 75% (Rs. 20.25 crore) is now triggered upon conversion, bringing total issue value to Rs. 27 crore. Allottees include Linkplan Shoppers, Kaizen Agro Infrabuild, three Baba Bhoothnath group entities, Abhishek Chokhani HUF, Iwandeep Advisory, and Rashyap Impex.
The conversion will dilute existing shareholders as 2 crore new shares enter the books, while the company receives an additional Rs. 20.25 crore in fresh capital from non-promoter investors. The stock may see short-term pressure due to increased share float, but the capital infusion strengthens the company's balance sheet.