Viviana Power Tech Limited has informed the Exchange regarding Board meeting held on July 24, 2025.
VIVIANA · price
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Awaiting price reaction for this filing.
Viviana Power Tech's Allotment Committee met on July 24, 2025 and approved converting 51,500 fully convertible warrants into equity shares of Rs. 10 face value each. These warrants were originally issued on a preferential basis to promoters in September 2024 at Rs. 625 per share (including Rs. 615 premium). All three allottees are promoters: Nikesh Kishorchandra Choksi (35,000 shares), Priyanka Richi Choksi (14,500 shares), and Ravindra Pagedar (2,000 shares). The company received Rs. 2.41 crore as the balance 75% payment (Rs. 468.75 per warrant). Post-allotment, the paid-up equity share capital stands increased to Rs. 6.33 crore, comprising 63.28 lakh equity shares.
This is a pre-scheduled conversion of warrants previously allotted to promoters, so it should not come as a surprise. Existing public shareholders face a marginal dilution of about 0.8%, while promoter Nikesh Choksi's holding remains dominant at around 66.6%. The stock price is unlikely to react significantly since the conversion price was fixed over 10 months ago.