The Board of Directors of Qualitek Labs Limited at its meeting held on 10th September 2025, Wednesday, approved the Allotment of 1672531 Equity Shares on Preferential Basis against share ....
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Qualitek Labs' board, on 10th September 2025, approved the allotment of 16,72,531 equity shares at ₹310.89 per share (face value ₹10, premium ₹300.89), aggregating to about ₹52 crores, on a preferential basis through a share swap arrangement. The shares were allotted to two parties — promoter TIC Services Private Limited (11,70,881 shares, ~₹36.4 crore) and non-promoter Mr. Sanjiv Khullar (5,01,650 shares, ~₹15.6 crore) — in exchange for shares/assets rather than cash. Following this allotment, the company's paid-up equity share capital has risen from ~₹10 crore to ~₹11.65 crore. The shares will rank equally with existing shares in dividend and voting rights but are subject to SEBI lock-in rules.
This is a non-cash, share-swap-based expansion that dilutes existing shareholders by roughly 16.8% but brings in a new non-promoter (Sanjiv Khullar) as a significant stakeholder. Share price may face short-term pressure from the increased share count, though the swap nature means no cash leaves the company.