Issue of Securities
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Transvoy Logistics India Ltd, an Ahmedabad-based EXIM logistics company, approved the issuance of up to 35,86,960 convertible warrants at Rs. 100 each (face value Rs. 10 + premium of Rs. 90), aiming to raise up to Rs. 35.87 crore on a preferential basis. The company also plans to raise its authorized share capital from Rs. 4.5 crore to Rs. 6.5 crore to accommodate the new shares. The warrants will be allotted to 19 allottees, including promoters Ravindrakumar Joshi and Naitik Joshi, as well as non-promoter investors such as Aumit Capital Advisors (largest single allottee at 12.5 lakh warrants, ~20% post-issue stake). Allottees will pay 25% upfront and the balance 75% on conversion within 18 months, after which unexercised warrants will lapse. The preferential issue and capital increase remain subject to shareholder approval at the AGM scheduled for September 11, 2025.
This preferential warrant issue at a significant premium signals promoter confidence and planned capital infusion, though it will dilute existing shareholders by ~57% (since warrants are convertible into fresh equity). Promoters' own stake will reduce post-conversion (from 26.31% and 22.06% to 15.91% and 14.09%), so shareholders should watch how the funds are deployed and whether further dilution occurs upon warrant exercise.