Revised outcome of circular resolution passed by the Board of directors on 31st March, 2026 for allotment of 29,703 Warrants convertible into Equity shares on preferential basis.
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Suditi Industries Ltd has allotted 29,703 convertible warrants to 1 non-promoter allottee (Nitu Ashish Bansal) on preferential basis. The warrants are priced at Rs. 59.12 each (including Rs. 14.78 subscription price and Rs. 44.34 exercise price), totaling Rs. 17.56 lakh. The company received Rs. 4.39 lakh upfront (25% of issue price) as subscription amount. Each warrant is convertible into 1 fully paid-up equity share of Rs. 10 face value within 18 months. If not exercised within this period, unexercised warrants will lapse and upfront amount will be forfeited. There is no change in capital structure at this stage.
This is a small preferential warrant issuance that could lead to dilution of up to 5.3% of equity when warrants are exercised within 18 months. Existing shareholders should note the potential future share issuance to a non-promoter investor.