We hereby inform that the Share Allotment Committee has agreed to allot 16,700 Equity shares towards conversion of warrants as per attached details.
KLBRENG-B · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kilburn Engineering Ltd has allotted 16,700 equity shares of face value Rs. 10 each to M/s. Godbalaji Commercial Private Limited (non-promoter) following the conversion of warrants. These were part of 25,000 warrants originally issued on 19 November 2024 at Rs. 425 per warrant, of which the remaining 16,700 have now been converted. The allottee paid the balance 75% of the issue price (Rs. 318.75 per warrant), aggregating to about Rs. 53.23 lakh. Consequently, the company's paid-up equity capital has increased from Rs. 52.29 crore (5,22,96,158 shares) to Rs. 52.31 crore (5,23,12,858 shares). The new shares will rank equally with existing equity shares.
This is a routine conversion of previously issued warrants into equity, resulting in a minor equity dilution (about 0.03% increase in share count). No fresh capital is being raised beyond what was already committed; the company has now received the balance ~Rs. 53.23 lakh. Minimal impact expected on share price.