Kriti Industries (India) Limited has informed the Exchange regarding outcome Board meeting held on Jun 12, 2025 about Allotment of 15,92,480 (Fifteen Lakh Ninety-Two Thousand Four Hundred and Eighty only) Equity shares of Re. 1/- each at a premium of Rs.157.50 per share to Kriti Nutrients Limited warrant holder categorised under the Promoter group of the company.
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Kriti Industries has allotted 15,92,480 equity shares of Re. 1 each at a premium of Rs. 157.50 per share to Kriti Nutrients Limited, a promoter group company. This follows the conversion of 15,92,480 convertible warrants originally issued on a preferential basis on July 27, 2024. The company received Rs. 18.93 crore as the balance 75% amount due on warrant exercise. Post-allotment, Kriti Nutrients holds 32,89,999 shares in the company, representing a 6.24% stake, and no warrants remain outstanding for conversion.
This is a promoter group entity increasing its stake via warrant conversion, which signals promoter confidence in the company. There is no dilution from external investors, and the Rs. 18.93 crore inflow strengthens the company's capital base. The stock price may see a mildly positive sentiment given that all warrants have now been fully converted.