For Allotment Of 1,30,90,200 Equity Shares Of Face Value Of INR 10/- Each Pursuant To Conversion Of 1,30,90,200 Fully Convertible Equity Warrants ("Warrants'''''')
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The Board of Directors of Mardia Samyoung Capillary Tubes Company Ltd approved the allotment of 1,30,90,200 equity shares (face value INR 10 each) following the conversion of an equal number of fully convertible equity warrants. These warrants had been issued on a preferential basis to Torextron Ventures Private Limited, a promoter-group entity, on February 5, 2026 at INR 13.50 per warrant. As a result of this conversion, the company's paid-up equity capital has risen from INR 54.64 crore (5.46 crore shares) to INR 67.73 crore (6.77 crore shares), a roughly 24% increase in equity base.
This is a promoter-led equity infusion via warrant conversion, which strengthens the company's capital base and signals continued promoter confidence. For shareholders, expect modest dilution (~24% expansion of share count) and potential supply pressure if the promoter eventually offloads these shares.