Zota Health Care Limited has informed the Exchange regarding allotment of 340829 equity shares upon conversion of warrants pursuant to Preferential Issue by way of circular resolution passed on July 02, 2025.
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Zota Health Care has allotted 3,40,829 fully paid-up equity shares of Rs. 10 each at an issue price of Rs. 509 per share (including a premium of Rs. 499), following the exercise of warrants by 6 warrant holders. This tranche brings in approximately Rs. 13.01 crore to the company. Among the allottees, Singularity Equity Fund I received the largest chunk of 2,53,768 shares, while promoter Bhikhalal Chhotalal Doshi and other non-promoter allottees received smaller lots of around 14,734 shares each. As a result, the company's paid-up equity capital has risen from Rs. 29.77 crore (2,97,66,582 shares) to Rs. 30.11 crore (3,01,07,411 shares). This is part of the original 26,44,836 warrants issued on August 14, 2024, of which 14,92,546 warrants remain outstanding and could lead to further share allotments in the coming months.
The allotment represents about 1.14% dilution to existing shareholders. While the company has raised fresh capital of around Rs. 13 crore, investors should note that over 14.9 lakh warrants are still pending conversion, which could lead to additional dilution in future tranches. The fact that a marquee investor like Singularity Equity Fund exercised its warrants signals continued institutional interest.