Outcome of Board Meeting dated 03.03.2026 for conversion of 6,45,101 warrants to equity shares allotted to Promoter Group.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Marble City India Ltd's board has approved the conversion of 6,45,101 warrants into an equal number of equity shares, allotted to the Promoter Group (Saket Dalmia and Amit Dalmia) on a preferential basis. The shares were issued at Rs. 17.00 each, which includes a premium of Rs. 12.00 over the face value of Rs. 5. The promoters paid the balance 75% amount of Rs. 12.75 per warrant, totalling Rs. 82.25 lakh, completing the exercise of warrants originally allotted in September 2024. Following this conversion, the company's paid-up equity capital has risen to Rs. 12.76 crore, comprising 2.55 crore equity shares of Rs. 5 each.
This is a promoter-driven equity infusion with no fresh capital coming from the market; it increases the promoter group's shareholding and dilutes non-promoter shareholders marginally. The new shares will rank pari-passu with existing equity, so existing shareholders should expect slight dilution in their percentage stake.