We hereby inform that Share Allotment Committee has agreed to allot 3,91,968 Equity Shares towards conversion of warrants as per attached details.
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Kilburn Engineering's Share Allotment Committee, on 5th August 2025, approved the conversion of 3,91,968 warrants into equity shares at Rs. 166 per share (face value Rs. 10). The shares were allotted to a single investor, Tusk Investments Limited (formerly Amodini Sales Private Limited), against the balance 75% subscription amount of Rs. 4.88 crore. These warrants had originally been issued on 7th February 2024. Following this conversion, the company's paid-up equity capital rose from Rs. 51.04 crore to Rs. 51.43 crore, with total equity shares increasing from 5.10 crore to 5.14 crore.
This is a minor dilution event (less than 1% increase in share count) since the warrants had already been issued in 2024. No fresh capital is being raised from the market — only the previously committed balance tranche is being converted. Existing shareholders see a small dilution, but the company already accounted for this potential equity expansion.