Outcome of the Board Meeting held today i.e. Thursday, October 30, 2025
Price
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Awaiting price reaction for this filing.
Sunita Tools Ltd has allotted 47,385 equity shares upon conversion of an equal number of warrants at Rs. 325 per share (including a Rs. 315 premium). The company received Rs. 1.15 crore as the balance 75% payment from warrant holders. Two allottees received shares: Shruti Sanjay Pandey (Promoter Group, 24,615 shares) and Niranjan Ishwardas Sheth (Public, 22,770 shares). The paid-up equity capital increased from Rs. 6.23 crore to Rs. 6.28 crore, with total shares rising from 62,33,076 to 62,80,461. As of October 30, 2025, no warrants remain outstanding, meaning the full conversion cycle has been completed.
This is a routine completion of a previously announced preferential warrant issuance, resulting in a minor dilution of about 0.76% (47,385 new shares out of ~62.3 lakh existing shares). Minimal impact on share price expected, though promoter group participation signals insider confidence.