Please find enclosed herewith Board Meeting outcome for allotment of Securities by way of conversion of warrants into equity for your reference.
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Royal Sense Ltd's board, at its meeting on 8th May 2025, approved the conversion of 3,14,000 equity warrants into equal number of equity shares of Rs. 10 face value at Rs. 151 per share. This was against the original 4,50,000 warrants allotted on 20th November 2024 on a preferential basis to non-promoters, meaning 1,36,000 warrants remain pending conversion. The company received Rs. 3.08 crore as the balance 75% payment from 5 non-promoter allottees, including HBPA Tradex Pvt Ltd, Manish Kumar (HUF), Ranay Shrivastava, Swarnali Advisors Pvt Ltd, and Mohit Goyal — all new investors with no prior shareholding. Following this allotment, the company's paid-up equity capital increased to Rs. 5.35 crore, consisting of 53,50,146 equity shares.
Existing shareholders face further dilution as 3,14,000 new shares (about 5.9% expansion of share count) are issued to non-promoters. The capital infusion of Rs. 3.08 crore strengthens the company's equity base, though the warrants were issued earlier at a significant premium over face value, indicating the pricing was set by those original terms rather than current market levels.