Outcome of Board Meeting dated 30.01.2026 for conversion of 7,84,312 warrants to equity shares allotted to Promoter Group.
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Marble City India Limited's board approved the conversion of 7,84,312 warrants into an equal number of equity shares at Rs. 17/- per share (including a premium of Rs. 12/-). These warrants, originally allotted on September 10, 2024 on a preferential basis to promoter group members Saket Dalmia and Amit Dalmia, have now been fully exercised upon payment of the remaining 75% amount (Rs. 12.75 per warrant), aggregating to Rs. 99,99,978/-. Consequently, the company's paid-up equity capital has increased to Rs. 12,19,97,100/-, comprising 2,43,99,420 equity shares of Rs. 5/- each. Post-conversion, each promoter allottee's holding rose from 4,32,220 to 8,24,376 equity shares. The new shares will rank pari-passu with existing equity shares.
This is a promoter-driven equity infusion of nearly Rs. 1 crore, signaling promoter confidence and increasing their combined stake. For retail shareholders, this results in dilution of around 3.2% (7.84 lakh new shares out of ~2.44 crore total) without any fresh inflow from public investors, though promoters' stronger skin in the game may be viewed positively.