Allotment of 7,00,00,000 Fully Convertible Equity warrants to allottees on December 03, 2025
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By the next day the stock moved 6.4 pts more than Nifty Microcap 250 and 5.7 pts more than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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SC Agrotech's board, at a meeting on December 3, 2025, allotted 7 crore fully convertible equity warrants to 19 non-promoter allottees at Rs. 16 per warrant (including Rs. 6 premium, face value Rs. 10). If all warrants are converted, the company could raise up to Rs. 112 crore in total. Allottees include companies like Aayzan Enterprise, Saize Enterprise, and Saraiz Ventures, along with several individuals — none of them held any shares before this allotment. Each new allottee would end up with roughly 4.5%–4.9% post-issue stake assuming full conversion. The company has already received 25% of the consideration upfront (about Rs. 28 crore), with the remaining 75% payable at the time of conversion within 18 months. Since warrants (not shares) have been allotted, there is no immediate change in paid-up share capital.
This is a preferential warrant issue that will lead to significant dilution of existing shareholders if all warrants convert into equity within the next 18 months. Short-term cash inflow of around Rs. 28 crore is a positive, but equity dilution and the small-cap nature of the company may weigh on sentiment. Investors should watch whether warrants are eventually exercised or lapse.