Windsor Machines Limited has informed the Exchange about intimation of allotment of equity shares on conversion of warrants as per SEBI ICDR Regulations and SEBI LODR Regulations

Warrants ConvertedFund Raising View source PDF

WINDMACHIN · price

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Price reaction · full curve 14 horizons · vs prior close

+2.3%1-day move

₹277.80

prior close

₹282.00

base price

After-mkt

timing

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+0.2+0.1-0.3+1.4+2.3+8.7+6.9+6.1+2.3+1.3+13.4+2.6+15.7+12.0

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AI summary

Windsor Machines Limited has announced the conversion of 27,80,000 equity warrants into 27,80,000 equity shares at ₹191.85 per share (including ₹189.85 premium). The allottee is Mr. Rameshbhai Keshubhai Siyani from the Promoter Group. The company received ₹40 crore (75% of issue price per warrant) as the warrant exercise price. Post-conversion, the company's paid-up capital increased from ₹17.70 crore to ₹18.26 crore, and the allottee's stake increased from 6.68% to 9.52%. Approximately 1.22 crore warrants remain pending for future conversion within 18 months from the original allotment date.

Likely market impact

Dilution of approximately 3.14% in the company's equity base as promoter holding increases. This represents continued promoter conviction in the company, though existing shareholders will see their ownership percentage reduced.