Suyog Telematics Limited has informed the Exchange regarding allotment of 22,168 Equity Shares on Conversion of Warrants at its meeting held on May 5, 2025
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Suyog Telematics Limited has allotted 22,168 equity shares to promoter Mr. Shivshankar Gurushantappa Lature upon conversion of an equal number of warrants. The shares were issued at ₹570 per share (including ₹560 premium) and the company received ₹94.77 lakh as the balance 75% conversion amount. Following this allotment, the promoter's stake in the company rose slightly from 47.86% to 47.96%. The company's total paid-up equity share capital now stands at ₹11.19 crore, comprising 1,11,89,620 equity shares of face value ₹10 each. Another 5,27,500 warrants remain pending conversion by other allottees, who can still convert them within 18 months of the original warrant allotment.
This is a routine warrant-to-equity conversion by an existing promoter, resulting in a small increase in his shareholding. The share base expands slightly (dilution is minor), and ₹94.77 lakh of fresh capital is locked into the company. No major impact on stock price is expected as this was a pre-committed conversion.