Allotment of 6,95,100 Equity Shares and 15,55,600 Warrants convertible into equity shares on preferential basis
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Suditi Industries Ltd has allotted 6,95,100 equity shares at Rs. 59.12 each (including a Rs. 49.12 premium) on a preferential basis, raising Rs. 4.11 crore from 7 non-promoter allottees. In a separate tranche, the company also allotted 15,55,600 convertible warrants at Rs. 59.12 each, with a total potential issue size of Rs. 9.20 crore. Warrants carry a 25% upfront subscription price of Rs. 14.78 (Rs. 2.30 crore already received) and a 75% exercise price of Rs. 44.34, convertible into equity within 18 months. The allotments follow shareholder approval at the EGM on January 16, 2026 and BSE in-principal approval on March 16, 2026. Post-allotment, the total equity share count rises to 26,90,733 shares, with lock-in applicable per SEBI ICDR rules.
Immediate dilution from the new equity shares is roughly 25% of the pre-issue share base, with potential further dilution if all warrants are exercised within 18 months. The capital raise strengthens the company's funding position but spreads ownership among new non-promoter investors.