Intimation on allotment of fully convertible warrants on preferential basis of M/s Radiant Financial Services Limited
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Awaiting price reaction for this filing.
P. B. Films Ltd has been allotted 4,16,000 fully convertible warrants of M/s Radiant Financial Services Limited, an RBI-registered NBFC based in Kolkata. Each warrant is convertible into one equity share of ₹10 face value at a ₹2 premium, priced at ₹12 per warrant, totalling ₹49.92 lakh. Only 25% (₹12.48 lakh) has been paid at allotment, with the remaining 75% due upon conversion, which would give P.B. Films a 4.11% stake. The company says this is a purely investment decision to diversify assets, with no intention to acquire a controlling stake. Radiant's turnover rose from ₹52.2 lakh (FY23) to ₹86.5 lakh (FY25), but remains a small entity.
This is a modest, passive treasury investment (~₹50 lakh) in an NBFC and is unlikely to move the stock price. It signals that the company is parking surplus cash into financial securities rather than core operations, which retail investors should weigh against the lack of operational context or returns information.