Outcome of Board Meeting dated 12.05.2026 for conversion of 1,30,000 warrants to equity shares allotted to Non Promoter Group.
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Marble City India Ltd's Board approved allotment of 1,30,000 equity shares upon conversion of warrants issued on preferential basis. The shares were allotted at Rs. 100.50 per share (including Rs. 95.50 premium) to two Non-Promoter allottees - Jatin Sabharwal (30,000 shares) and Sunila Sabharwal (1,00,000 shares). The company received balance amount of Rs. 97,98,750 (75% of issue price per warrant). Warrants were originally allotted in January 2025. Post-conversion, the company's paid-up capital increased to Rs. 12,82,25,540 comprising 2,56,45,108 equity shares of Rs. 5 each. The new shares rank pari-passu with existing shares.
Dilution of approximately 0.5% from warrant conversion. The allotment to non-promoters increases public shareholding, which is generally positive for stock liquidity. No immediate impact on stock price expected as this is a routine preferential allotment execution.