Allotment of Equity Shares on Conversion of Warrants.
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Sunita Tools Ltd's board approved the allotment of 1,23,076 equity shares on conversion of an equal number of warrants held by the promoter group. The shares were issued at Rs. 325 each (including a premium of Rs. 315), and the company received about Rs. 3 crore as the remaining 75% balance from the allottees. Four promoter-group members — Uma Sanjay Pandey, Nandini Satish Pandey, Abheshek Satish Pandey, and Sarvagya Sanjay Pandey — received these shares. As a result, the company's paid-up equity capital rose from Rs. 6.11 crore (61.10 lakh shares) to Rs. 6.23 crore (62.33 lakh shares). Another 47,385 warrants remain pending conversion and are due within the 18-month window from the original July 2024 warrant allotment.
This is a routine capital action — promoters converted previously issued warrants into equity, modestly increasing the share count (~2% dilution). Minor dilution and no fresh capital inflow beyond what was already committed; neutral to mildly negative for existing shareholders.