Outcome of Meeting of Allotment Committee constituted by the Board of Directors of the Company.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rose Merc Ltd's Allotment Committee approved the conversion of 61,861 equity warrants into fully paid-up equity shares of Rs. 10 each. The conversion price was Rs. 90 per share (including Rs. 80 premium). Five allottees participated, with non-promoter Sachin Deshpande receiving the largest chunk of 50,000 shares, followed by promoter Kirti Chunilal Savla with 11,111 shares. The remaining three allottees received 250 shares each. Post-allotment, the company's paid-up capital stands at Rs. 6.14 crore comprising 61.44 lakh equity shares.
This is a routine dilution event from warrant conversions. The stock will see minor dilution of approximately 1% on an expanded share count. The conversion at Rs. 90 indicates these were likely issued earlier at a premium to the then-prevailing market price, which is typical for preferential warrant allotments.