Allotment of 4,35,00,000 Equity Shares of face value of ?1/- pursuant to conversion of 43,50,000 warrants of face value of ?10/- after taking into account the effect of sub-division of ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
KD Green Industries Limited has allotted 4.35 crore equity shares of ₹1 face value each at ₹6.50 per share (including ₹5.50 premium) upon conversion of 43.5 lakh warrants of ₹10 face value each. The conversion was done post stock split (from ₹10 to ₹1 per share), where 1 warrant of ₹10 was converted into 10 equity shares of ₹1. The company received ₹21.21 crore (75% of warrant issue price) from 23 allottees including promoter family members (Goenka family) and non-promoter entities like Securocrop Securities India Pvt Ltd (largest allottee with 1.83 crore shares). Post-allotment, paid-up capital increased from ₹5.80 crore to ₹10.15 crore.
Promoter holding has been diluted from ~72% to ~57%, with Securocrop Securities becoming a significant non-promoter shareholder at ~20%. The large equity expansion at a conversion price significantly lower than the likely market price could impact earnings per share and may create dilution pressure on the stock.