Outcome of Board Meeting held on November 27, 2025 - Allotment of equity shares upon conversion of warrants
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The board of TeleCanor Global Ltd, at its meeting on November 27, 2025, approved the allotment of 2,00,000 equity shares of Rs. 10 each on conversion of an equal number of warrants. Three non-promoter investors — Ms. Anju Prakash (50,000 shares), Mr. Rahul Prakash (50,000 shares) and Mr. Siddharth Prakash (1,00,000 shares) — paid the balance 75% consideration of Rs. 7.50 per warrant to trigger the conversion. This is the 3rd tranche of conversion; cumulatively, 20 lakh of the 40 lakh warrants originally issued earlier have now been converted into equity shares. The issue/allotment price is Rs. 10 per share, which is equal to face value (no premium).
Routine warrant-to-equity conversion event, resulting in minor dilution for existing shareholders. Since the issue price equals face value (Rs. 10), the company receives no premium benefit — its main impact is a small increase in the equity share base, and it is unlikely to move the stock price meaningfully.