Ratnaveer Precision Engineering Limited has informed the Exchange regarding Outcome of Board Meeting held on March 12, 2026 regarding allotment of securities.
RATNAVEER · price
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The board of Ratnaveer Precision Engineering, at its March 12, 2026 meeting, approved two allotments. First, 1,24,772 equity shares (face value Rs. 10) were allotted at Rs. 148.27 per share to promoter Vijay Sanghavi on conversion of 18,50,000 Compulsorily Convertible Preference Shares (CCPS). Second, 72,32,704 convertible warrants were allotted on a preferential basis to the promoter and promoter group at Rs. 159.25 per warrant (including Rs. 149.25 premium), with the company receiving Rs. 28.79 crore as 25% application money. Allottees include Vijay Sanghavi (25.75 lakh warrants), Seema Sanghavi (25.75 lakh), and Ratnaveer Venture Pvt Ltd (22.07 lakh). Post-allotment paid-up equity capital rises to Rs. 67.99 crore (6.79 crore shares) and promoter group holding on a fully diluted basis stands at around 48.24%.
This is promoter-driven capital infusion with no QIP or public dilution, signalling promoter confidence. However, the 72.32 lakh warrants, if fully converted within 18 months, will be dilutive for existing public shareholders. Near-term share price may react to the fresh warrant pricing (Rs. 159.25) versus the CCPS conversion price (Rs. 148.27).