Spectrum Electrical Industries Limited has informed the Exchange regarding Board meeting held on July 24, 2025.
SPECTRUM · price
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Spectrum Electrical Industries has allotted 1,07,250 equity shares (face value Rs. 10 each) at a premium of Rs. 1,110 per share, totalling about Rs. 12.01 crore. This follows the exercise of 1,07,250 convertible warrants that were originally issued on a preferential basis to the promoter and promoter group on January 25, 2024 at Rs. 1,120 per warrant. The balance 75% subscription amount (Rs. 840 per warrant) has now been received. As a result, the company's issued and paid-up capital has increased from 1,56,06,590 shares to 1,57,13,840 shares, a marginal dilution of about 0.69% for existing shareholders. Promoter and promoter group shareholding rose slightly from 72.53% to 72.72% post-allotment.
This is a routine completion of a previously announced preferential warrant issue by the promoters — no new equity is being raised from the market and the dilution is minimal. Shareholders should note a small increase in share count but also additional capital and promoter skin-in-the-money, which is mildly positive for confidence.