Allotment of 8,56,872 Equity shares, fully paid-up upon exercising the option available with warrant holders (person belonging to Promoter Group and Non-Promoter Category)
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vrundavan Plantation Limited has allotted 8,56,872 fully paid-up equity shares of Rs. 10 face value at an issue price of Rs. 51 each (including a premium of Rs. 41 per share), aggregating to about Rs. 4.37 Crores. This allotment happened because warrant holders from the Promoter Group and Non-Promoter Category chose to exercise their option and convert their warrants into equity shares. A total of 14 allottees received shares, including the Managing Director Upendra Umashankar Tiwari and three other promoter-group members, along with 10 non-promoter allottees. The Board approved this at its meeting on August 1, 2025.
The conversion increases the company's equity share count and adds roughly Rs. 4.37 Crores to share capital and securities premium, slightly diluting existing shareholders. However, since the funds had already been received at the time of warrant issuance, there is no fresh cash inflow now and the move is largely procedural.