Xpro India Limited has informed the Exchange regarding 'Submission of certificate from Statutory Auditor in terms of Regulation 169(5) of the ICDR Regulations'.
XPROINDIA · price
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Xpro India Limited has submitted a certificate from its statutory auditor Walker Chandiok & Co LLP, confirming compliance with SEBI ICDR Regulation 169(4) following the conversion of preferential warrants into equity shares. The company had originally allotted 14,35,750 warrants on 29 January 2024 at Rs. 975 per warrant, with 35% upfront money of Rs. 48.99 crore received at the time of allotment. This filing relates to the final tranche: on 28 July 2025, the board approved allotment of 2,40,000 equity shares to promoter Smt. Vanaja Sundar Iyer on conversion of her warrants, with the balance 65% consideration of Rs. 15.21 crore received from her bank account on 25 July 2025. With this, all 14,35,750 warrants have been fully converted into equity shares, and total balance 65% consideration received stands at Rs. 90.99 crore. The auditor confirmed there is no circulation of funds or mere book-entry adjustments in the transaction.
This is a routine regulatory disclosure confirming completion of the company's earlier preferential warrant issue. The full conversion means 14,35,750 new equity shares will be listed, leading to some dilution for existing shareholders, though the cash inflow strengthens the company's balance sheet. No material surprise or new corporate action for investors.