Company has approved allotment of 3 lakhs equity shares on conversion of convertible warrants in meeting of Share Allotment Committee held on 24th April, 2025, as per details attached herewith
KLBRENG-B · price
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Kilburn Engineering's Share Allotment Committee, at its meeting on 24th April 2025, approved the allotment of 3,00,000 equity shares of Rs. 10 face value each at an issue price of Rs. 166 per share (including Rs. 156 premium) to M/s. Navaratan Property Holdings Private Limited. These shares were issued upon conversion of 3,00,000 convertible warrants that were originally allotted on 8th February 2024, with the allottee now paying the balance 75% subscription amount of Rs. 124.50 per warrant, aggregating to Rs. 3.73 crore. As a result, the company's paid-up equity capital has risen from Rs. 47.49 crore (4,74,87,858 shares) to Rs. 47.79 crore (4,77,87,858 shares), a marginal increase of about 0.63%. The new shares will rank pari passu with existing equity shares and were allotted in dematerialised form.
This is a pre-committed warrant conversion (not fresh fundraising), so dilution is modest at under 1% of share count and Rs. 3.73 crore inflow. Minor technical impact on the stock; the price action typically occurs on the original warrant issue date rather than on conversion.