Intimation of Trading Approval received from BSE for Preferential Issue of Equity Shares pursuant to conversion of Warrants.
MODINATUR · price
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Modi Naturals Ltd has received trading approval from BSE for 6,50,000 fully paid-up equity shares of Rs. 10 each, issued at a premium of Rs. 197 per share to the promoters on a preferential basis. These shares were issued pursuant to the conversion of warrants that were previously allotted to the promoters. The total consideration works out to roughly Rs. 13.46 crore (6,50,000 shares x Rs. 207). The new shares will be available for trading on the exchange from Wednesday, July 23, 2025, under distinctive numbers 12656398 to 13306397. The equity capital base of the company will expand accordingly, with promoter shareholding increasing further.
Existing shareholders face mild dilution from new shares being added to the equity base, while promoter holding and control strengthen further. The fact that warrants were converted rather than left to lapse signals promoter confidence in the company's prospects.