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Awaiting price reaction for this filing.
Qualitek Labs' board approved the allotment of 16,72,531 fully paid-up equity shares at ₹310.89 per share (including a premium of ₹300.89), aggregating to about ₹51.99 crore, on a preferential basis through a share swap arrangement. The shares were allotted to two investors: TIC Services Private Limited (Promoter category) received 11,70,881 shares worth ~₹36.4 crore, and Mr. Sanjiv Khullar (Non-Promoter) received 5,01,650 shares worth ~₹15.6 crore. The allotment was based on a shareholder special resolution passed on 25th June 2025 and received BSE in-principle approval on 4th September 2025. As a result, the company's paid-up equity share capital increased from ₹9.98 crore (99,79,500 shares) to ₹11.65 crore (1,16,52,031 shares), a rise of roughly 16.8% in share count. The newly allotted shares will rank equally with existing shares on dividends, voting, and other benefits, subject to standard lock-in rules.
This is a non-cash deal (share swap), meaning the company is likely acquiring an asset or business in exchange for these shares rather than raising fresh capital. Existing shareholders face about 16.8% dilution in their holding, while the promoter group's stake is increasing, which is generally viewed as a confidence signal from insiders.