We hereby informed that the board of director of the company as its meeting held today i.e. Tuesday, 24th February 2026 has inter alia considered and approved the Allotment of warrants ....
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The Board of Nurture Well Industries Ltd (formerly Integrated Industries Ltd) has approved the allotment of 4,06,00,000 convertible warrants at Rs. 28.25 each (including a premium of Rs. 27.25 over the face value of Rs. 1). Each warrant can be converted into one equity share within 18 months, with 25% of the consideration already received. Allottees include M.G Metalloy Pvt Ltd (2 crore warrants, Promoter Group), Choice Strategic Advisors LLP (1 crore, Non-Promoter), Accufolio Risers LLP (1 crore, Non-Promoter), and Divyashri Ravichandran (6 lakh, Non-Promoter). If fully converted, this could bring in approximately Rs. 114.7 crore to the company over the next 18 months. The current capital structure remains unchanged until warrants are actually exercised.
This preferential warrant allotment signals an equity fundraising exercise that will dilute existing shareholders upon conversion, though promoter participation (around 49% of warrants) shows management's confidence. The stock may see some pressure from potential dilution, but the phased payment structure (25% now, 75% later) spreads the dilution risk over 18 months.