Outcome of Board Meeting for Allotment of Shares
Price
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The board of Sunrise Efficient Marketing Ltd, at its meeting on June 10, 2025, approved the conversion of 1,47,000 convertible warrants into equity shares at Rs. 106 per share (face value Rs. 10), translating into a premium of Rs. 96 per share. The conversion is to non-promoter allottees upon receipt of the full subscription money under Regulation 169 of SEBI ICDR Regulations. A total of five non-promoter allottees — Sabita Agarwal (75,000 shares), Kimi Gupta (21,000), Sunita Devi Sancheti (15,000), Amit Kumar Agarwal HUF (21,000), and Gautam Makharia (15,000) — will receive the shares. The total capital infusion amounts to approximately Rs. 1.56 crore.
This is a minor dilution event from prior warrant issuances turning into shares, bringing in roughly Rs. 1.56 crore from non-promoter investors. Existing shareholders will see a small increase in share count, but no fresh capital is being raised beyond what was already committed when the warrants were originally issued.