outcome of board meeting held on january 19, 2026.
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Awaiting price reaction for this filing.
SC Agrotech's board, at its meeting on January 19, 2026, approved the allotment of 2,59,50,000 equity shares (face value INR 10) following the conversion of an equal number of Fully Convertible Equity Warrants. These warrants were originally part of 7,00,00,000 warrants issued on December 03, 2025 on a preferential basis at INR 16 per warrant to seven non-promoter allottees. The paid-up equity capital of the company has risen from INR 35.22 crore (3,52,20,000 shares) to INR 61.17 crore (6,11,70,000 shares), marking an increase of about 73.7% in the share count. About 4,40,50,000 warrants remain outstanding and may be converted later, which could lead to further dilution.
This is a major equity dilution event for existing shareholders, with the share count expanding by nearly three-quarters, which could weigh on the stock price in the short term. However, the conversion also brings in additional capital into the company. Investors should note that another 4.40 crore warrants are still pending conversion, so further dilution remains possible.