Spectrum Electrical Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/07/2025 ,inter alia, to consider and approve Spectrum Electrical ....
SPECTRUM · price
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Spectrum Electrical Industries has informed BSE that its Board of Directors will meet on 24 July 2025 to consider and approve the allotment of 1,07,250 equity shares of face value Rs. 10 each at a premium of Rs. 1,110 per share. These shares will be issued upon conversion of an equal number of convertible warrants, as per the terms outlined in the EGM notice dated 23 December 2023. The total consideration for this allotment works out to approximately Rs. 12.01 crore (1,07,250 shares × Rs. 1,120 each including premium). This is a pre-scheduled conversion of warrants that were issued earlier, not a fresh fundraising.
Existing shareholders will see a marginal dilution of about 1,07,250 additional shares entering the market, while the company receives capital that was already committed by warrant holders. The share price may see mild short-term supply pressure, but the premium of Rs. 1,110 signals strong valuation confidence by the warrant holders.