Outcome of circular resolution passed for allotment of 5,39,800 Equity shares and 14,68,897 Warrants convertible into Equity shares on preferential basis.
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Suditi Industries Ltd has allotted 5,39,800 equity shares at Rs. 59.12 per share (face value Rs. 10, premium Rs. 49.12) to 5 non-promoter allottees, raising about Rs. 3.19 crore. The company has also allotted 14,68,897 convertible warrants at the same price of Rs. 59.12 each to 8 non-promoter allottees, with a total issue size of about Rs. 8.68 crore. The company has received Rs. 2.17 crore upfront as 25% of the warrant issue price; the remaining 75% (Rs. 44.34 per warrant) is payable within 18 months upon conversion into equity shares. The preferential allotments were approved by shareholders at an EGM on January 16, 2026, and BSE granted in-principal approval on March 16, 2026. The newly allotted shares and warrants carry lock-in as per SEBI ICDR Regulations, and the shares will rank pari-passu with existing equity shares.
Existing shareholders face potential dilution when the 14,68,897 warrants are converted into equity within 18 months, while the company gets an immediate Rs. 2.17 crore in cash and stands to receive up to an additional Rs. 6.51 crore on warrant exercise. Since all allottees are non-promoters, there is no change in promoter holding, but the preferential allotment broadens the non-promoter shareholder base.