We hereby inform that share allotment committee has agreed to allot 4,08,300 equity shares towards conversion of warrants as per attached details.
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Kilburn Engineering's Share Allotment Committee approved the conversion of 4,08,300 warrants into equity shares on February 12, 2026. The shares were allotted to three non-promoter entities — Subhkari Nirman LLP (2,00,000 shares), Olympia Tech Park (Chennai) Pvt Ltd (2,00,000 shares), and Godbalaji Commercial Pvt Ltd (8,300 shares) — at Rs. 425 per share, aggregating to about Rs. 13.01 crores. The warrants were originally issued in November 2024 with 25% upfront payment, and the balance 75% (Rs. 318.75 per warrant) has now been received from the allottees. Following this allotment, the company's paid-up equity capital rose from Rs. 51.88 crores to Rs. 52.29 crores, with total shares increasing from around 5.19 crore to 5.23 crore. Of the original 5,25,000 warrants allotted, 4,08,300 have been converted, leaving the balance pending.
This is a minor dilution (~0.78% increase in share count) with the capital of about Rs. 13 crore already received by the company, which is mildly positive for liquidity. Shareholders should note the remaining unconverted warrants may lead to further small dilutions in the future.