Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and relevant amendments thereto from time to time, we are hereby enclose the outcome ....
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The Board of Directors of Kranti Industries approved the allotment of 2,50,000 equity shares to Evolution Capital Advisory Services Private Limited (non-promoter/public category) upon conversion of an equivalent number of warrants. The shares were issued at ₹80 per share (including a ₹70 premium) on a preferential basis. The company received ₹1.50 crore, representing 75% of the warrant exercise price of ₹60 per warrant. Following this allotment, the company's paid-up equity share capital increased to ₹12.76 crore, comprising 1,27,60,400 equity shares of ₹10 each. Of the original 15 lakh warrants allotted, 10 lakh have now been converted, and 2.5 lakh warrants remain pending conversion.
This warrant conversion results in a modest equity dilution of approximately 2% for existing shareholders and brings in ₹1.50 crore of capital. The pending 2.5 lakh warrants indicate potential further dilution in the future, which shareholders should monitor.