The Board of Directors of Taylormade Renewables Limited, at its meeting held today, i.e. April 07, 2025, considered and allotted 19,821 Equity shares pursuant to conversion of warrants ....
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Taylormade Renewables has allotted 19,821 equity shares of face value ₹10 each upon conversion of warrants that were earlier issued on a preferential basis in November 2023. Six non-promoter allottees exercised their warrants at ₹389.25 per share, bringing in a total of about ₹77.15 lakh to the company. The warrant issue price was originally ₹519 per warrant, with 25% paid upfront and the remaining 75% now paid at the time of conversion. Post this allotment, the company's paid-up share capital stands at ₹12.37 crore, comprising 1,23,69,672 equity shares.
This is a minor equity dilution (about 0.16% increase in share count) with no fresh capital infusion beyond what was already committed by warrant holders. Shareholders see a small uptick in total shares outstanding, but the stock price may face mild technical pressure from the new shares entering the system.