Allotment of Equity Shares pursuant to conversion of warrants in board meeting held on 31.07.2025.
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Mudunuru Limited's board, at its meeting on 31 July 2025, approved the allotment of 11,20,000 equity shares pursuant to the conversion of an equal number of warrants held by the promoter category. The shares were allotted at Rs. 12 per share (face value Rs. 2, premium Rs. 10) on a preferential basis, with the company receiving Rs. 1.00 crore as the balance 75% amount from the allottees. Following this conversion, the paid-up equity capital rose from Rs. 6.32 crore (3.16 crore shares) to Rs. 6.54 crore (3.272 crore shares). The sole allottee is Mr. Madhusudan Raju Mudunuru, the Managing Director and promoter. Additionally, 80,80,000 warrants remain outstanding and are eligible for conversion within 18 months from the original allotment date.
This is a promoter-led capital infusion that marginally increases the share count (about 3.5% dilution) but signals the promoter's confidence and commitment of additional funds into the company. Existing shareholders should note the small dilution and the possibility of further conversion of the remaining warrants.