Zota Health Care LImited has informed the Exchange regarding allotment of 303065 equity shares upon conversion of warrants pursuant to Preferential Issue by way of circular resolution passed on June 10, 2025.
ZOTA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Zota Health Care has allotted 3,03,065 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 conversion of warrants by 3 non-promoter warrant holders. The company received approximately Rs. 11.57 crore as the warrant exercise money (75% of the issue price). As a result, the paid-up equity capital increased from Rs. 29.46 crore to Rs. 29.77 crore, with total equity shares rising from 2,94,63,517 to 2,97,66,582. The allottees include Vijay Jain (7,367 shares), Singularity Equity Fund I (2,61,948 shares), and Ritesh Rajnibhai Shah (33,750 shares). This is part of a larger preferential warrant issue of 26,44,836 warrants originally allotted on August 14, 2024, of which 18,33,375 warrants remain outstanding and could lead to further share allotments.
This is a mildly dilutive event for existing shareholders, increasing the share count by about 1%. The company is raising fresh capital at a significant premium to face value, which is positive for capital adequacy. However, with over 18 lakh warrants still unconverted, shareholders should expect further dilution in the coming months.