outcome of the Board meeting for allotment of 1833595 equity shares to non promoter public and 300000 Warrants Convertible into equity shares to promoter and promoter group for cash consideration.
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On the reaction day the stock moved 4.4 pts less than Nifty Microcap 250 and 1.6 pts less than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Stellant Securities' board has approved the allotment of 18,33,595 equity shares at Rs. 290 each (a premium of Rs. 280 over the face value of Rs. 10) to 43 non-promoter allottees, raising approximately Rs. 53.17 crore in cash. Separately, 3,00,000 warrants convertible into equity shares at Rs. 340 each (premium of Rs. 330) have been allotted to two promoter group members (Mangla Subhash Rathod and Subhash Rathod), for a total warrant consideration of about Rs. 10.2 crore, with 25% (Rs. 2.55 crore) paid upfront and the balance due on conversion. The allotments follow shareholder approval on December 10, 2025, and BSE's in-principle approval on January 19, 2026. This is a preferential allotment under SEBI ICDR Chapter V, not a QIP.
Existing shareholders will face equity dilution from the preferential allotment, though promoter participation via warrants signals continued insider commitment. The fresh capital could strengthen the NBFC's balance sheet, but short-term stock price pressure is possible due to dilution and the large number of new allottees (43) entering the cap table.