We hereby inform that Share Allotment Committee has agreed to allot 4,00,000 equity shares towards conversion of warrants as per attached details.
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Kilburn Engineering's Share Allotment Committee, at its meeting on 30th May 2025, approved the allotment of 4,00,000 equity shares (face value Rs. 10 each) to M/s. Rossy Pink Enterprises Private Limited upon conversion of warrants that were originally issued on 7th February 2024. The conversion price is Rs. 166 per share, with the balance 75% subscription amount of Rs. 4.98 crore now received by the company. As a result, the paid-up equity capital of the company has risen from Rs. 48.04 crore (4,80,37,858 shares) to Rs. 48.44 crore (4,84,37,858 shares). The newly allotted shares will rank equally with existing shares. This is a preferential allotment to a single public-category investor.
This is a routine warrant conversion that is mildly dilutive (~0.83% increase in share count) and brings in Rs. 4.98 crore to the company, strengthening its equity base. For existing shareholders, expect a small dilution effect, but since the price was locked in back in February 2024, there is no near-term overhang from further conversion at the same level.