Allotment of Equity Shares and Convertible warrants on preferential basis
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The Board of Kaarya Facilities and Services Ltd approved the allotment of 2,76,000 equity shares at Rs. 13.09 each (face value Rs. 10, premium Rs. 3.09) to three non-promoter investors — Alka Jain (78,000), Sanjay Kumar Singh (1,50,000), and Priya Singh (48,000) — raising Rs. 36.13 lakh. Additionally, 7,00,000 fully convertible warrants were allotted to two promoters, Vineet Pandey and Vishal Panchal (3,50,000 each), at Rs. 13.09 per warrant, with 25% upfront received and the balance due within 18 months upon conversion. Total potential capital infusion from warrants is Rs. 91.63 lakh. Post-allotment, the company's paid-up equity capital increased to Rs. 9.63 crore (96,26,258 shares) from Rs. 9.35 crore (93,50,258 shares).
Existing shareholders face about 3% dilution from the share allotment, with potential further dilution of ~7% if promoters convert the warrants. The capital raise is small (under Rs. 1.3 crore total), so direct stock price impact may be limited, though promoter participation via warrants signals insider confidence.