Outcome of the Board meeting held today i.e. 29.12.2025 for allotment of 2,18,30,000 equity shares pursuant to conversion of Fully Convertible Equity warrants
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SC Agrotech's board, on December 29, 2025, approved the allotment of 2.18 crore equity shares (face value Rs. 10 each) following the conversion of an equal number of Fully Convertible Equity Warrants. These warrants were originally issued on December 3, 2025, at Rs. 16 per warrant via a preferential allotment. The shares were allotted to six non-promoter individuals, with allotments ranging from 34 lakh to 37.3 lakh shares each. As a result, the company's paid-up equity capital has risen sharply from Rs. 5.99 crore (59.95 lakh shares) to Rs. 27.82 crore (2.78 crore shares), effectively more than quadrupling the share count.
This is a significant equity dilution event — share count has jumped roughly 4.6x, which typically pressures the stock price downward on a per-share basis, though the company has raised fresh capital from the warrants exercised. Existing shareholders should expect meaningful EPS dilution.