Outcome of Board Meeting held on November 25, 2025 - Allotment of equity shares upon conversion of warrants
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TeleCanor Global's board approved the allotment of 10,00,000 equity shares of Rs. 10 each to non-promoter investors upon conversion of warrants. The shares went to Mr. Hemant Kumar Gupta (2,00,000 shares) and Ms. Sharon Gupta (8,00,000 shares), who paid the balance 75% consideration of Rs. 7.50 per warrant. This is the second tranche of conversions from the original 40,00,000 warrants issued at Rs. 10 per warrant, bringing cumulative conversions to 18,00,000 shares so far. The warrants were issued at face value, meaning no premium was raised beyond Rs. 10 per share.
This results in equity dilution for existing shareholders, with an additional 10 lakh shares entering the market. However, since the conversion price equals face value (Rs. 10), the company did not raise any premium capital. The remaining 22,00,000 warrants, if fully converted, would further dilute shareholder holdings.