Kamdhenu Limited has informed the Exchange regarding allotment of 500000 securities pursuant to conversion of warrant in to equity issued on Preferential basis.
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Kamdhenu Limited has allotted 5,00,000 equity shares of face value Re. 1 each to Vipil Agarwal (Non-Promoter category) upon conversion of 50,000 warrants. The shares were issued at Rs. 35.30 per share (including a premium of Rs. 34.30), with the company receiving Rs. 1.32 crore representing the 75% balance amount due on warrant conversion. This is part of an earlier warrant issue of 27,50,000 warrants made on 22 February 2024 at Rs. 353 per warrant (pre-split), later adjusted following the stock sub-division from Rs. 10 face value to Re. 1. Post this allotment, the company's paid-up equity share capital stands at Rs. 28.19 crore, comprising 28,18,83,000 equity shares.
The conversion increases the share count by 5,00,000 shares, resulting in mild dilution for existing shareholders. With 14,97,200 warrants still outstanding for conversion (equivalent to 1,49,72,000 equity shares post-split), further dilution can be expected in the future. This is a routine capital action tied to a previously disclosed preferential warrant issue.