The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitendrabhai Patel
WINDMACHIN · price
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Windsor Machines Ltd has reported a disclosure under SEBI Takeover Regulations regarding the allotment of 58,63,956 convertible warrants to Hitendrabhai Hasmukhbhai Patel on 31 January 2025 via preferential allotment. The warrants represent 7.65% of the total share capital and 5.71% of the diluted share capital of the company. Before this transaction, the acquirer held NIL shares in the company, and he is not part of the promoter group. The total diluted share capital of the company post-allotment stands at Rs. 20.54 crore divided into 10,27,21,737 equity shares of Rs. 2 each.
This is a non-promoter preferential allotment that expands the company's diluted equity base, which may lead to dilution for existing shareholders when the warrants are eventually converted. The stock price may see some short-term reaction depending on the warrant conversion price and the identity/track record of the allottee.