Allotment of 36,00,000 equity shares on 02.01.2026 pursuant to conversion of warrants.
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Suditi Industries Ltd has allotted 36 lakh equity shares on January 2, 2026, following the conversion of warrants that were originally issued on February 12, 2025. The shares were allotted at an issue price of Rs. 27.50 each, and the company received Rs. 7.425 crores as the balance 75% exercise price from the warrant holders. All allottees belong to the promoter category — Tanuj Pawan Agarwal took 30 lakh shares and Harsh Pawan Agarwal took 6 lakh shares. With this allotment, the company's paid-up capital has increased from Rs. 39.62 crores (3.96 crore shares) to Rs. 43.22 crores (4.32 crore shares). Another 24 lakh warrants held by Harsh Pawan Agarwal are still pending conversion.
This is a promoter-led preferential conversion, meaning the promoter group is increasing its equity stake, which signals confidence in the company. However, it also results in dilution of about 9% for existing public shareholders. The new shares will rank equally with existing shares.