Please find enclosed herewith Board Meeting Outcome relating to allotment of securities by way of conversion of warrants into equity shares for your reference.
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Royal Sense Limited's board, at its meeting on 08 May 2025, approved the allotment of 3,14,000 equity shares upon conversion of an equal number of warrants held by five non-promoter allottees. The shares were issued at Rs. 151 per share (face value Rs. 10, premium Rs. 141) on a preferential basis, with the company receiving Rs. 3,08,82,000 as the balance 75% warrant exercise price. The allottees include HBPA Tradex Pvt Ltd (1,00,000 shares), Manish Kumar HUF (1,00,000), Ranay Shrivastava (50,000), Swarnali Advisors Pvt Ltd (50,000), and Mohit Goyal (14,000). Post-allotment, the company's paid-up equity capital has increased to Rs. 5,35,01,460, comprising 53,50,146 equity shares of Rs. 10 each.
This is a minor dilution event for existing shareholders, with non-promoter shareholdings rising modestly (largest new holder at ~1.87%). The company has successfully raised an additional ~Rs. 3.09 crore from non-promoters, strengthening its equity base. Given the small size of the company, the stock may see mild pressure from increased share supply, though the new shares rank pari-passu with existing equity.