We hereby inform that the Share Allotment Committee has allotted 1,50,000 Equity shares towards conversion of warrants as per attached details.
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Kilburn Engineering Ltd has allotted 1,50,000 equity shares (face value Rs. 10 each) to M/s. Salarpuria Investment Private Limited, a non-promoter allottee, upon conversion of the remaining 1,50,000 convertible warrants. The warrants were originally issued on 16th November 2024 at Rs. 425 per warrant, and the balance 75% amount of Rs. 318.75 per warrant has now been received, aggregating to Rs. 4.78 crore. This is the final tranche of the 3,00,000 warrants issued to the same allottee. Post-allotment, the company's paid-up equity share capital has increased from Rs. 52.31 crore (5,23,12,858 shares) to Rs. 52.46 crore (5,24,62,858 shares). The newly issued shares rank pari-passu with existing equity shares.
This is a warrant-to-equity conversion (not fresh fundraising), so it does not bring new money beyond the Rs. 4.78 crore already committed by the allottee in 2024. The marginal increase in share count (~0.29%) means very mild dilution for existing shareholders, with the institutional name suggesting continued investor confidence in the company.