Intimation of allotment of warrants on preferential basis under provisions of SEBI (ICDR) Regulation 2018.
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MFS Intercorp Ltd has allotted 41,50,000 convertible warrants at Rs. 15 each on a preferential basis to non-promoter individuals, potentially raising up to Rs. 1.56 crore. The company has already received 25% of the issue price (Rs. 3.75 per warrant) as upfront subscription money. All four allottees are non-promoter individuals — Trivedi Ishit Hiren (12 lakh), Charmi Jayesh Nayak (12 lakh), Shah Vidit Sufalbhai (16 lakh), and Mistry Parulben Riteshbhai (1.5 lakh). The allotment was approved by the Preferential Issue Committee on 7 March 2026, following shareholder approval on 1 March 2026 and BSE in-principle approval received on 19 February 2026.
This is a small preferential fundraise (up to Rs. 1.56 crore) entirely from non-promoter individuals, so dilution risk is limited but shareholders should note that the warrants, once exercised, will increase the share count. The company is also relatively small, and this is an early-stage signal of equity infusion rather than a large institutional event.