Allotment of 2L shares on warrant conversion to promoter entity
KLBRENG-B · price
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Kilburn Engineering's Share Allotment Committee allotted 2,00,000 equity shares (face value Rs. 10) to promoter-group entity M/s Firstview Trading Pvt Ltd on conversion of warrants at Rs. 425/share, aggregating Rs. 8.5 crore. Of the 10 lakh warrants originally issued on 16 Nov 2024, 3 lakh were converted earlier and 2 lakh now, leaving 5 lakh warrants pending. Paid-up equity capital rose from Rs. 52.96 cr to Rs. 53.16 cr (~0.38% expansion).
Mild dilution (~0.4%) as promoter converts warrants, reflecting promoter confidence. 5L unconverted warrants remain, posing potential future dilution.