Allotment Of 39,00,000 Equity Shares Of Face Value Of INR 10/- Each Pursuant To Conversion Of 39,00,000 Fully Convertible Equity Warrants ("Warrants'''')
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The Board of Directors of Mardia Samyoung Capillary Tubes Company Ltd approved the allotment of 39,00,000 equity shares of face value INR 10 each on April 13, 2026. These shares were issued upon conversion of 39,00,000 fully convertible equity warrants that were originally allotted on a preferential basis to Mr. Gavali Hitendrabhai Bayajebhai (Non-Promoter category) on February 06, 2026 at an issue price of INR 13.50 per warrant. As a result, the company's paid-up equity share capital increased from INR 75.55 crore (7,55,48,073 shares) to INR 79.45 crore (7,94,48,073 shares), a rise of INR 3.90 crore.
This is a completion of a previously announced preferential warrant issue, leading to equity dilution of about 5.16% for existing shareholders. The company has received INR 5.27 crore (39 lakh warrants × INR 13.50) from the warrant holder, strengthening its capital base slightly.