Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Paradeep Parivahan Ltd's Board, on March 21, 2026, approved the allotment of 10,40,000 convertible equity warrants at Rs. 156.46 per warrant on a preferential basis, aggregating to about Rs. 16.27 crore. The company has already received 25% of the issue price (Rs. 4.07 crore) as application money from the allottees. There are two allottees: promoter Khalid Khan (8,00,000 warrants) and non-promoter Jigish Shantilal Sonagara (2,40,000 warrants). Each warrant can be converted into one equity share of Rs. 10 face value at a premium of Rs. 146.46, within 18 months, by paying the remaining 75%. Shareholder approval through an EGM and BSE in-principle approval were already obtained.
This is a small capital raise (~Rs. 16.27 crore) via warrants rather than a direct equity dilution, but if all warrants are converted, the promoter's stake will rise from 32.98% to 35.67%, slightly increasing his control, while a small new public shareholder also enters. Existing shareholders face potential dilution of about 6.1% on a fully converted basis; near-term EPS impact should be limited since only 25% money has come in.