Xpro India Limited has informed the Exchange regarding 'Submission of Certificate from Statutory Auditors in Terms of Regulation 169(5) of The ICDR Regulations'.
XPROINDIA · price
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Xpro India Limited submitted a certificate from statutory auditors Walker Chandiok & Co LLP confirming compliance with SEBI ICDR Regulations regarding the conversion of preferential warrants into equity shares. In January 2024, the company had allotted 14,35,750 warrants at Rs. 975 each (with Rs. 10 face value and Rs. 965 premium), collecting 35% upfront money of Rs. 48.99 crore. On 17 July 2025, the company allotted 9,30,000 equity shares upon conversion of warrants and received the balance 65% amount of Rs. 58.94 crore. So far, 11,95,750 equity shares have been fully allotted against warrant conversions. Allottees include Malabar India Fund, Malabar Midcap Fund, Malabar Select Fund, Evoke Management Services LLP, and Central India General Agents Limited (a promoter group entity). The auditors confirmed no fund circulation or book-entry adjustments took place.
This is a routine compliance filing confirming that warrants issued earlier have been properly converted into shares with full consideration received. The new 9,30,000 shares will increase the equity share base, which could lead to modest dilution for existing shareholders. No material new business trigger — the underlying preferential issue and pricing were already approved in 2024.