Kindly find the attached outcome of Board Meeting held on 4th November, 2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mrugesh Trading Ltd's board, meeting on November 4, 2025, approved converting all 72 crore (72,00,00,000) convertible warrants into an equal number of equity shares of face value Rs. 1 each. These warrants were originally allotted on a preferential basis on July 29, 2024 at Rs. 1 per warrant. The company received Rs. 72 crore (the remaining 75% of the issue price) from all 9 allottees, who have fully converted their holdings. The new shares will rank equally with existing equity shares. This conversion increases the post-issue share capital significantly, with the allottees collectively holding 99.66% of the share capital on a post-issue basis.
This is a technical conversion event where promoter/investor warrants become regular shares, leading to a sharp increase in outstanding share count and potential dilution for existing retail shareholders. The stock price may face downward pressure due to the expanded equity base and the very low issue price of Rs. 1 per share.