Allotment Of 8,14,800 Equity Shares Of Face Value Of INR 10/- Each Pursuant To Conversion Of 8,14,800 Fully Convertible Equity Warrants ("Warrants'''')
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The Board of Directors of Mardia Samyoung Capillary Tubes Company Ltd approved the allotment of 8,14,800 equity shares of face value INR 10 each, pursuant to the conversion of an equivalent number of fully convertible equity warrants. The warrants were originally allotted on February 5, 2026 on a preferential basis to Mr. Sankla Subham Jitendrabhai (a non-promoter) at INR 13.50 per warrant. Following this conversion, the company's paid-up equity share capital has risen from about INR 49.94 crore to about INR 50.76 crore, increasing the total share count from 4,99,43,073 to 5,07,57,873 shares.
This is a routine warrant-to-equity conversion event that mildly dilutes existing shareholders by roughly 1.6% and brings a non-promoter investor on the equity register. Since the warrants were already issued at a premium (INR 13.50 vs face value INR 10), no fresh capital inflow is triggered now; the impact on stock price is expected to be limited.