Markolines Pavement Technologies Limited has informed the Exchange regarding Outcome of Board Meeting held on March 05, 2026.
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Markolines Pavement Technologies announced that its Board, at a meeting on March 5, 2026, approved the conversion of 1,00,000 (one lakh) convertible warrants into an equal number of equity shares of face value Rs.10 each. The conversion price is Rs.165 per share, which includes a premium of Rs.155, and the total amount received is Rs.1.23 crore (Rs.1,23,75,000), representing 75% of the issue price per warrant. The shares have been allotted on a preferential basis to RPV Holdings Private Limited, a non-promoter entity. All warrants held by this allottee have been fully converted, leaving zero pending warrants. This is the conversion of an already-issued instrument and not a fresh fundraising exercise.
This is a minor, pre-disclosed equity dilution with no new capital inflow beyond what was already collected earlier. Shareholders should note a small increase in the equity base, with RPV Holdings Private Limited's stake rising marginally. The impact on stock price is likely to be limited as the conversion terms were set at the time of original warrant issuance.