ALLOTMENT OF 1000000 EQUITY SHARES PURSUANT TO CONVERSION OF WARRANTS
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Awaiting price reaction for this filing.
Manoj Ceramic Ltd has allotted 10 lakh equity shares to 3 non-promoter allottees upon conversion of previously issued warrants. The shares were issued at ₹161 each (face value ₹10 + premium ₹151), and the company received ₹12.07 crore as the balance 75% subscription amount. All warrants have now been fully converted, with none pending. Post-allotment, the company's paid-up equity capital has increased to ₹14.90 crore, consisting of 1.49 crore fully paid-up shares. The allottees — Mansukh Dudabhai Satra (HUF), Janil Mansukh Satra, and Mansukh Duda Satra — will collectively hold about 6.7% of the company after allotment.
This is a pre-scheduled conversion of warrants into shares, so the dilution was already expected by the market. No fresh capital was raised beyond the contracted amount, and since all warrants are now fully converted, there is no further overhang from these instruments.