Manaksia Coated Metals & Industries Limited has informed the Exchange regarding 'Allotment of securities'.
MANAKCOAT · price
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Manaksia Coated Metals & Industries has allotted 7,55,000 equity shares (face value Re. 1 each) at Rs. 65 per share, following the conversion of an equal number of warrants held by two non-promoter/public category allottees. The company received Rs. 3.68 crore as the balance 75% payment (Rs. 48.75 per warrant). Allottees are Sharda Subhashchandra Bhat (4,95,000 shares) and Shamina Trading L.L.C-FZ (2,60,000 shares). Post-allotment, the company's paid-up equity capital has increased to Rs. 9.97 crore, comprising 9,96,79,050 equity shares. Additionally, 89,55,000 warrants remain outstanding for future conversion within the stipulated 6/18 month window.
This is a routine warrant-to-equity conversion on a preferential basis, resulting in a small equity dilution (combined post-issue holding of allottees at 2.10%). No new capital raise at this stage — the Rs. 3.68 crore was already committed when warrants were originally issued on January 30, 2025. Minor dilution for existing shareholders but signals continued promoter/public confidence.