Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Transvoy Logistics India Ltd has allotted 35,86,960 Fully Convertible Warrants at Rs. 100 per warrant (Rs. 10 face value + Rs. 90 premium), taking the total consideration to about Rs. 35.87 crore. The company has received 25% upfront (Rs. 8.97 crore), with the remaining 75% due within 18 months when warrant holders choose to convert them into equity shares. The warrants were issued to 19 allottees, including two promoter group members (Ravindrakumar Joshi and Naitik Joshi, each receiving 2,93,480 warrants) and several public investors. The largest non-promoter allottee is Aumit Capital Advisors Limited (12,50,000 warrants). The issue was approved at the AGM on September 11, 2025, and is subject to the standard SEBI lock-in rules.
The preferential warrant issuance will dilute existing shareholders once converted, but brings in nearly Rs. 9 crore of fresh capital upfront. Participation by promoters signals confidence, and the 75% balance due on conversion means further equity dilution risk over the next 18 months.