With reference to the captioned subject and in terms of the provisions of SEBI (LODR) Regulations, 2015, we wish to inform you that the Board of Directors of MSL Global Limited at their ....
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On 10th July 2025, the Board of MSL Global Limited approved the allotment of 34,66,666 equity shares at Rs. 18 per share (face value Rs. 10 + Rs. 8 premium) on conversion of the second tranche of convertible warrants originally issued on 11th April 2024 on a preferential basis. The company received Rs. 4,67,99,991 from 4 allottees at a conversion price of Rs. 13.50 per warrant. Allottees include promoter Salim Pyarali Govani (17 lakh shares) and three non-promoters (Jaidev Shroff, Anirudh Mohta, and Samir Thakker). As a result, the paid-up equity capital rose from Rs. 11.09 crore (1.10 crore shares) to Rs. 14.56 crore (1.46 crore shares), a roughly 31% increase in share count.
Existing shareholders will see dilution of about 31% in their holding due to the significant jump in share count, though the promoter is maintaining his stake. The company has strengthened its capital base by about Rs. 4.68 crore in cash, but 3,33,334 warrants from Samir Thakker are still pending conversion, which could lead to further dilution in a future tranche.