Outcome of Board meeing- allotted equity shares on pro-rata basis against conversion of warrants and remaninng warrants have been cancelled or lapsed for exercise conversion.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Naapbooks Ltd has allotted 3,73,314 equity shares on a pro-rata basis to warrant holders who exercised their conversion option. The shares were issued at Rs. 61 each (face value Rs. 10, premium Rs. 51) against 26,13,100 warrants originally allotted on December 10, 2024. A total of Rs. 2.27 crore was received (Rs. 2.19 crore from 9 promoter/promoter-group allottees and Rs. 8.32 lakh from 1 public allottee). The remaining 11,13,386 warrants (10,79,025 from promoter group and 34,361 from public) have been cancelled/lapsed since the 18-month conversion period expired today (June 9, 2026) and allottees failed to pay the remaining 75% amount of Rs. 45.75 per warrant. The company's paid-up equity capital has increased from Rs. 11.84 crore to Rs. 12.21 crore, with total shares rising from 1,18,40,600 to 1,22,13,914.
This results in a small equity dilution of about 3.2% (3.73 lakh new shares) due to the pro-rata conversion. However, over 84% of the original warrants (11.13 lakh out of 13.27 lakh outstanding) have lapsed, removing that potential dilution overhang — a mildly positive outcome for non-participating shareholders, though it also signals that several allottees (including major promoters) could not arrange the remaining ~Rs. 5+ crore needed for full conversion.