Allotment of 12,805 equity shares pursuant to the conversion of 12,805 convertible warrants
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Prime Fresh Limited has allotted 12,805 equity shares to Mr. Hiren Chandrakant Ghelani, a promoter, after he converted an equal number of convertible warrants into equity shares. The shares were allotted at Rs. 164 each (face value Rs. 10 plus a premium of Rs. 154), aggregating to roughly Rs. 21 lakh. Mr. Ghelani had paid 25% of the issue price at the time of warrant allotment and has now paid the balance 75% (Rs. 15,75,015). This is part of a preferential allotment route, and after this conversion the company's paid-up share capital stands at Rs. 13.66 crore, divided into about 1.37 crore equity shares of Rs. 10 each.
This is a routine promoter-led warrant conversion that slightly expands the equity base (by about 0.09%) and brings in around Rs. 15.75 lakh of fresh capital. It is unlikely to move the stock price, though it confirms ongoing promoter commitment and capital infusion into the company.