Outcome of Board Meeting held on December 03, 2025- Allotment of Equity Shares upon Conversion of Warrants
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Awaiting price reaction for this filing.
TeleCanor Global's board, at its meeting on December 03, 2025, approved the allotment of 1,00,000 equity shares of Rs. 10 each to Mr. Kuppili Rama Chandra Sekhar (non-promoter) upon conversion of an equivalent number of warrants. The investor paid the balance 75% consideration (Rs. 7.50 per warrant) of the total Rs. 10 issue price. This is the 4th tranche of conversion from the original 40 lakh convertible warrants issued earlier. Cumulatively, 21 lakh warrants have been converted into equity shares so far, meaning 19 lakh warrants are still pending conversion.
This is a small, incremental dilution event involving only 1 lakh shares out of 40 lakh warrants originally issued, so the immediate impact on shareholding and stock price is minimal. The conversion shows a non-promoter investor's continued commitment, but shareholders should note that another 19 lakh warrants may convert in future, adding to the floating supply.