Warrants allotted to promoters and non-promoter at Rs 151 each
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Board allotted 10 lakh fully convertible warrants at Rs 151 each, totaling about Rs 15.10 crore. Promoters Manish Dedhia and Sanjay Dedhia received 4.75 lakh and 3.25 lakh warrants, while non-promoter Rikhav Securities got 2 lakh. Allottees paid 25 percent upfront, with balance 75 percent due within 18 months on conversion. No change in paid-up equity capital until warrants are converted into shares.
Possible future dilution if all warrants convert. Promoters increasing stake signals confidence. No immediate change in share count or capital.