Considered and approved the allotment of 11,75,00,000 (Eleven Crores Seventy Five Lakhs) Equity Shares of Re.1/- at a premium of Rs.0.05/- per equity share pursuant to conversion of 11,75,00,000 ....
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The Board of Directors of Srestha Finvest Ltd approved allotment of 11.75 crore equity shares of Rs. 1 each at a premium of Rs. 0.05 per share (issue price Rs. 1.05) to three non-promoter allottees who exercised conversion rights on an equal number of warrants. These 85.30 crore warrants were originally issued on February 18, 2025, at Rs. 105 per warrant, with 25% paid upfront as subscription money. The three allottees — Sneha Bhandari (6.25 crore shares), Sunil Bhandari (2.50 crore shares), and Oswal Industries Limited (3 crore shares) — deposited the balance consideration of Rs. 9.25 crore before converting. The new shares will rank pari passu with existing equity shares.
This conversion significantly expands the equity base by 11.75 crore shares, leading to dilution for existing shareholders. The conversion price of Rs. 1.05 is substantially lower than the original Rs. 105 warrant price, reflecting the structured pricing of the warrants. Post-allotment, these three allottees collectively hold approximately 6.69% of the expanded share capital.