Allotment of 13,00,000 Equity Shares pursuant to conversion of Warrants.
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Manoj Ceramic Ltd's board has approved the allotment of 13,00,000 equity shares (face value ₹10) at ₹161 per share (₹151 premium) to five promoter-group allottees upon conversion of warrants issued via a November 2024 preferential issue. The conversion represents the final 75% balance subscription amount, increasing the paid-up share capital to ₹13.70 crore (1,37,07,000 shares), a roughly 10% expansion. The promoter family's combined holding rises after the allotment — for example, Dhruv Manoj Rakhasiya's stake moves from 4.66% to 7.87%. Alongside, the company reported H1 FY26 results with standalone revenue of ₹8,149 lakh (up ~23% YoY) and standalone profit before tax of ₹739 lakh (up ~35% YoY); consolidated revenue and PBT came in at ₹8,207 lakh and ₹773 lakh respectively. The auditor also certified utilization of the original preferential issue proceeds toward working capital (₹25.02 crore of ₹28.98 crore planned) and general corporate purposes (₹8.49 crore of ₹9.66 crore planned).
The warrant conversion is entirely promoter-funded, signaling insider confidence and slightly diluting non-promoter shareholders by about 10%. The strong H1 FY26 growth in both revenue and profits is a positive operational signal, though the stock may see mild technical pressure from the increased float.