Norben Tea & Exports Limited has informed the Exchange regarding allotment of 1550000 equity shares pursuant to Preferential Issue on conversion of equal number of warrants at its meeting held on August 22, 2025
NORBTEAEXP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Norben Tea & Exports has allotted 15.5 lakh equity shares (face value Rs. 10 each) following the conversion of an equal number of warrants that were originally issued on a preferential basis to non-promoters on January 31, 2025. The conversion happened at Rs. 17 per share (Rs. 10 face value + Rs. 7 premium) after the warrant holders paid the remaining 75% of the subscription money (Rs. 12.75 per warrant). Six non-promoter individuals received the shares, with the largest allottee getting 3.87 lakh shares (2.5% of post-conversion capital). After this allotment, the company's total paid-up equity capital rises to Rs. 15.54 crore, comprising 1.55 crore shares. The newly issued shares will rank equally with existing shares in all respects.
This is a pre-disclosed event (warrants were already issued in January 2025), so the dilution was largely anticipated by the market. Share count increases by roughly 10%, with no fresh capital beyond what was already committed. Expect mild technical pressure on the stock in the short term, but no fundamental change since these were non-promoter investors converting existing instruments.