Outcome of Circular Resolution passed by the Board of Directors on 13/04/2026 for allotment of equity shares pursuant to conversion of warrants by warrant holders for the third tranche
Awaiting price reaction for this filing.
Rama Petrochemicals Ltd's Board passed a circular resolution on April 13, 2026 approving the conversion of 20,99,750 warrants into an equal number of equity shares of face value ₹10 each. The conversion was exercised at ₹7.5 per warrant (being 75% of the ₹10 issue price), generating ₹1,57,48,125 for the company. Both allottees—Rama Industries Group Limited (12,72,332 shares) and Rainbow Agri Industries Group Limited (8,27,418 shares)—are promoters. Following this third tranche conversion, the company's paid-up equity share capital increased from ₹13.32 crore to ₹15.42 crore. The warrants were originally allotted in March 2025 under a preferential private placement.
Dilution of approximately 13.6% from the warrant conversion, with shares being issued entirely to promoter entities. The company's equity base has expanded, which may impact earnings per share for existing shareholders.