Salasar Techno Engineering Limited has informed the Exchange regarding allotment of 21180000 equity shares pursuant to Conversion of fully-convertible warrants at its finance committee meeting held on October 13, 2025
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Salasar Techno Engineering has allotted 2.11 crore equity shares following the conversion of fully-convertible warrants. The allotment was approved at the Finance Committee meeting held on October 13, 2025. This means warrant holders exercised their right to convert their warrants into actual equity shares of the company. Consequently, the share count of the company has increased, which will dilute the holding percentage of existing shareholders on a proportional basis.
Shareholders will face equity dilution as 2.11 crore new shares enter the market. In the short term, the stock may see selling pressure if warrant holders offload shares after conversion. The company had already received the warrant exercise money earlier, so no fresh capital inflow occurs now.