Outcome of the Board meeting held on 31.07.2025.
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Mudunuru Limited's Board of Directors, at a meeting on 31st July 2025, approved the allotment of 11,20,000 equity shares upon conversion of warrants held by the Promoter category. The Managing Director, Mr. Madhusudan Raju Mudunuru, converted 11,20,000 warrants into equity shares at Rs. 12 per share (including Rs. 10 premium), with the balance 75% amount of Rs. 1,00,80,000 paid. As a result, the company's paid-up equity capital rose from Rs. 6.32 crore (3.16 crore shares) to Rs. 6.54 crore (3.27 crore shares) of Rs. 2 face value each. The original warrants were issued in February-March 2024 on a preferential basis, and 80,80,000 warrants remain outstanding for future conversion.
This is a promoter-led preferential warrant conversion that increases the promoter's stake in the company. While it strengthens the promoter's commitment and brings in Rs. 1.01 crore into the company, it also leads to equity dilution for existing non-promoter shareholders. The new shares will rank pari-passu with existing equity shares.