Kamdhenu Ventures Limited has informed the Exchange regarding allotment of 1,46,45,000 Equity Shares pursuant to conversion of warrant into equity issued on Preferential basis.
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Kamdhenu Ventures has allotted 1,46,45,000 equity shares (face value Re. 1 each) at an issue price of Rs. 6.80 per share, upon conversion of warrants that were originally issued on 20th March 2026. The company received Rs. 7,46,89,500 representing the 75% warrant exercise price from the allottee. The sole allottee is Kamdhenu Limited, a promoter group entity, which now holds 4.45% of the post-allotment share capital. Post this allotment, the paid-up equity capital stands increased to Rs. 32.90 crore (32,90,00,000 shares), while 1,50,00,000 warrants remain outstanding for future conversion within the 18-month tenure.
This is a routine partial conversion of previously issued warrants by a promoter group entity, resulting in equity dilution of about 4.45%. The remaining 1.5 crore warrants are still pending conversion, which could lead to further dilution in the future. No new external capital raise is happening here, and the allotment price of Rs. 6.80 was fixed at the time of original warrant issuance.