Pennar Industries allots 5.5 lakh shares on warrant conversion
PENIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pennar Industries has allotted 5,50,000 equity shares (face value Rs 5 each) to Pennar Holdings Private Limited upon conversion of warrants allotted on a preferential basis on 18 June 2026. The company received Rs 6.93 crore as warrant exercise price at Rs 126 per share, being 75 percent of the Rs 168 issue price. Pennar Holdings still holds 24,50,000 unexercised warrants out of the original 30 lakh. Post-allotment, paid-up equity capital stands at Rs 67.75 crore comprising 13.55 crore shares.
Minor equity dilution. Promoter-group entity Pennar Holdings increases its holding. Remaining 24.5 lakh warrants may convert later, causing further dilution.