Conversion of 8,00,000 warrants into equity on 30.06.2026
MANAKCOAT · price
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Manaksia Coated Metals & Industries Ltd has announced the conversion of 8,00,000 (8 lakh) warrants into equity shares of the company, with the conversion date scheduled for 30th June 2026. Warrant holders who exercised their right will receive newly issued equity shares in exchange for their warrants. This means new shares will be issued and added to the company's total share count. The move signals capital infusion into the company as warrant holders pay the conversion price for fresh equity.
Existing shareholders may see dilution of their holding as 8 lakh new shares are added to the total share base. Warrants converting to equity also brings in fresh capital for the company. The stock price may react based on the conversion price versus the current market price.