Outcome of Board Meeting dated 17.10.2025
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Marble City India Ltd's board, at its meeting on October 17, 2025, approved the allotment of 40,000 equity shares following the conversion of an equal number of warrants held by non-promoter/public category allottees. The shares were issued at Rs. 100.50 per share (including a premium of Rs. 95.50), with the company receiving the remaining 75% balance amount of Rs. 75.375 per warrant, totalling Rs. 30.15 lakh. The allottees include Chhama Dhanuka (20,000 shares), Hridya Cars Private Limited (10,000 shares), Nitin Raj Baldev (5,000 shares), and Rakesh Makkar (5,000 shares). Post this allotment, the company's paid-up equity share capital stands increased to Rs. 11.80 crore, divided into 2,36,15,108 equity shares of Rs. 5 each.
This is a minor capital raise of about Rs. 30.15 lakh from warrant conversion, leading to negligible dilution for existing shareholders. The stock price impact is likely minimal given the small size of the issue.