Viviana Power Tech Limited has informed the Exchange regarding allotment of 51500 securities pursuant to Preferential Issue at its meeting held on July 24, 2025
VIVIANA · price
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On the reaction day the stock moved 4.5 pts more than Nifty Microcap 250 and 4.5 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Viviana Power Tech Limited has allotted 51,500 equity shares of Rs. 10 each at Rs. 625 per share (including Rs. 615 premium) pursuant to the conversion of an equal number of fully convertible warrants originally issued on a preferential basis to promoters. The company received the balance 75% of the issue price (Rs. 468.75 per warrant), totalling around Rs. 2.41 crore, on exercise of the conversion option. All allottees are promoters — Nikesh Kishorchandra Choksi (35,000 shares), Priyanka Richi Choksi (14,500 shares), and Ravindra Pagedar (2,000 shares). As a result, the paid-up equity capital of the company has increased to Rs. 6.33 crore comprising 63,28,000 equity shares. The newly issued shares will rank pari-passu with the existing equity shares.
This is a routine conversion of promoter-held warrants into equity shares with no change in effective promoter control — Nikesh Choksi's stake moves marginally from 66.60% to 66.61%. The Rs. 2.41 crore coming into the company strengthens equity capital but is small in scale, so the stock price impact is likely to be limited.