Allotment of Equity Shares pursuant to conversion of Warrants
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On October 10, 2025, Prospect Consumer Products Ltd's board approved the conversion of the remaining 5,99,160 warrants into an equal number of equity shares of face value Rs. 10 each. The company received Rs. 2.88 crore (Rs. 2,87,59,680) from allottees at Rs. 48 per warrant, being the balance 75% of the total issue price of Rs. 64 per warrant (the initial 25% was paid earlier in April 2024). Allottees include two promoter group members and five non-promoter entities/individuals. With this conversion, no warrants remain pending. As a result, the company's paid-up equity share capital has increased from Rs. 5.54 crore (55,36,340 shares) to Rs. 6.14 crore (61,35,500 shares).
The conversion is fully dilutive in nature — the share count rises by about 10.8% (from 55.36 lakh to 61.36 lakh shares), so existing shareholders will see a proportionate reduction in their holding. However, the company has already received the full Rs. 3.84 crore (Rs. 64 × 5,99,160) in cash, strengthening its equity base. Since all warrants are now converted, there is no further dilution overhang from this instrument.