Allotment of 1000000 equity shares pursuant to conversion of Warrants.
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Awaiting price reaction for this filing.
Manoj Ceramic Ltd's board, at a meeting on 28th April 2025, approved the allotment of 10,00,000 equity shares following the conversion of warrants. The shares were issued at ₹161 each (face value ₹10, premium ₹151) on a preferential basis to three non-promoter allottees — Mansukh Dudabhai Satra (HUF), Janil Mansukh Satra, and Mansukh Duda Satra — who together paid the balance 75% subscription amount of ₹12.07 crore. With this conversion, all previously issued warrants have been fully converted and no warrants remain pending. As a result, the company's paid-up equity capital has increased to ₹14.91 crore, comprising 1,49,07,000 fully paid-up equity shares of ₹10 each.
This is a routine capital event with no fresh fundraising since it involves the conversion of already-issued warrants. It slightly dilutes existing shareholders (post-allotment, the three allottees collectively hold about 6.69% of the company) but is a known event from the earlier preferential approval in November 2024, so it is unlikely to cause a major stock price reaction.