Allotment of 48 lakh equity shares on warrant conversion
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On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 1.9 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Suditi Industries allotted 48 lakh equity shares at Rs 27.50 each (including Rs 17.50 premium) on conversion of warrants, raising Rs 9.9 crore from 3 allottees. Warrants were originally issued on Feb 12, 2025 with 25 percent upfront and 75 percent balance now received. Paid-up equity capital rose to Rs 54.40 crore (5.44 crore shares). This is a preferential allotment.
Dilution for existing shareholders as 48 lakh new shares are added. Company raised Rs 9.9 crore from 3 allottees via warrant conversion.