Markolines Pavement Technologies Limited has informed the Exchange about General Updates
MARKOLINES · price
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Markolines Pavement Technologies' Board, at its meeting on 5th March 2026, approved the conversion of 1,00,000 convertible warrants into 1,00,000 equity shares of face value Rs.10 each. The conversion price is Rs.165 per share, which includes a premium of Rs.155, aggregating to Rs.1,23,75,000 (being 75% of the issue price already received). The shares have been allotted to RPV Holdings Private Limited, a non-promoter entity, on a preferential basis. Following this conversion, no warrants remain pending for conversion.
This is a minor equity dilution of 1 lakh shares for a non-promoter, with no change in promoter holding. The company has already received the subscription money, so there is no fresh capital inflow. Share price may see negligible impact given the small size relative to typical trading volumes.