Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Allotment of 2434100 equity shares pursuant to exercise of warrants allotted ....
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Shish Industries has allotted 24,34,100 equity shares of Re. 1 each after warrant holders paid the balance amount of about Rs. 2.19 crore to exercise their warrants. These warrants were originally issued on a preferential basis earlier. As a result, the company's paid-up equity share capital has gone up from Rs. 37.95 crore to Rs. 38.19 crore, taking the total number of shares to 38,19,50,500. The allotment is subject to realisation of the consideration already paid, with the Board reserving the right to withdraw if the money is not received. The board meeting approving this ran from 6:30 PM to 7:00 PM on November 9, 2025.
This is a mild dilution of about 0.64% as the warrant holders convert their instruments into shares. The company has received additional capital (around Rs. 2.19 crore), which is a small positive, but the overall impact on shareholders is minimal.