Revised outcome of the circular resolution passed for allotment of 8,22,733 Equity Shares and 25,04,667 Warrants convertible into equity shares on preferential basis
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Suditi Industries Ltd has allotted 8,22,733 equity shares at Rs. 59.12 each, aggregating to about Rs. 4.86 crore, on a preferential basis to 8 non-promoter allottees. Separately, the company also allotted 25,04,667 convertible warrants at Rs. 59.12 each (total issue size about Rs. 14.81 crore) to 10 non-promoter allottees. For the warrants, the company has already received Rs. 3.70 crore as the 25% upfront subscription amount, with the remaining 75% payable within 18 months when warrant holders choose to convert. The allotments were approved by shareholders at an EGM on January 16, 2026, and BSE gave its in-principle approval on March 16, 2026. All allottees are non-promoter entities and individuals, and the securities carry mandatory lock-in as per SEBI rules.
If all warrants are eventually converted, total equity dilution could be around 33.27 lakh shares, which is significant for a small-cap company. On the positive side, the company has raised Rs. 4.86 crore immediately and could raise an additional Rs. 14.81 crore over the next 18 months, strengthening its capital base. Since all allottees are non-promoters, existing shareholders should note the dilutive impact and watch for the purpose of the fundraise.