Allotment Of 1,95,25,000 Equity Shares Of Face Value Of INR 10/- Each Pursuant To Conversion Of 1,95,25,000 Fully Convertible Equity Warrants ("Warrants'''')
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The Board of Mardia Samyoung Capillary Tubes approved the allotment of 1,95,25,000 equity shares (face value INR 10 each) on February 11, 2026, following the conversion of an equal number of fully convertible warrants. These warrants were originally issued on February 5–6, 2026 on a preferential basis to five non-promoter individuals at INR 13.50 per warrant. As a result, the company's paid-up equity capital rose from about INR 30.42 crore (3.04 crore shares) to about INR 49.94 crore (4.99 crore shares), a roughly 64% increase in the share count. There is no promoter equity dilution mentioned, as all allottees belong to the non-promoter category.
Shareholders will face significant equity dilution as the total share count jumps by nearly 64%, which may put downward pressure on the stock price unless the capital raised is deployed into high-return projects. Existing investors should watch for clarity on how the funds will be used and any impact on earnings per share going forward.