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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vaxfab Enterprises Limited has issued a clarification regarding the allotment of 14,81,068 equity shares (valued at approximately Rs. 3.11 crore) at Rs. 21.02 per share upon conversion of warrants. The company corrected a typographical error from a previous announcement. Six investors converted their warrants into equity shares, with warrant exercise price being Rs. 21.02 per share (Rs. 5.255 at allotment plus Rs. 15.765 at conversion). Post-allotment, the company's paid-up equity capital stands at Rs. 24,99,96,450 comprising 2,49,99,645 equity shares of Rs. 10 face value each. The new equity shares rank pari passu with existing shares.
Warrant conversion results in dilution of existing shareholder stakes by approximately 0.59%. The exercise price of Rs. 21.02 represents a 110% premium over the Rs. 10 face value, suggesting warrant holders are willing to pay above par to acquire shares.