We hereby inform that Share Allotment Committee has allotted 5,00,000 Equity shares towards conversion of warrants as per attached details.
KLBRENG-B · price
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Kilburn Engineering has allotted 5 lakh equity shares to three promoter-group entities on conversion of warrants that were originally issued on a preferential basis in November 2024. The warrants were converted at Rs. 425 per share, bringing in Rs. 15.94 crore as the balance 75% payment (the remaining 25% of about Rs. 5.31 crore was already paid upfront when the warrants were issued). The allottees are Firstview Trading (Promoter) getting 2 lakh shares, and Vivaya Enterprises and Ekta Credit (both Promoter Group) getting 1.5 lakh shares each. Following this allotment, the company's paid-up equity capital has gone up from Rs. 52.46 crore to Rs. 52.96 crore, a marginal increase of about 1% in total share count.
This is a positive signal of promoter confidence as the promoter group is putting in additional capital by completing the warrant conversion. Existing shareholders will see a small dilution of about 1% in their stake, but the company receives fresh capital (Rs. 15.94 crore) to fund its operations or growth plans.