The Board allotted 2,58,000 Equity shares at an allotment price of Rs. 78/- per share (inclusive of premium of Rs. 68 and Face Value of Rs. 10/-) pursuant to conversion of equivalent warrants ....
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The Board of Response Informatics Ltd has allotted 2,58,000 equity shares to promoter Subramaniyam Seetha Raman at Rs. 78 per share (Rs. 10 face value + Rs. 68 premium) by converting equivalent warrants originally issued on May 31, 2024 on a preferential basis. The promoter paid the balance 75% consideration of Rs. 1.51 crore, taking the total conversion value to about Rs. 2.01 crore. As a result, the company's paid-up equity capital increases from 81,89,502 shares (Rs. 8.19 crore) to 84,47,502 shares (Rs. 8.45 crore). The promoter's stake rises from 36.31% to 38.26%. With this conversion, there are no warrants pending for conversion anymore.
This is a promoter-led equity infusion that strengthens the promoter's ownership and slightly dilutes minority shareholders, though the capital raise is modest (~Rs. 2 crore). Existing shareholders may see a minor shareholding dilution but no fresh capital risk since the money is already paid in.