Zota Health Care LImited has informed the Exchange regarding allotment of 210510 equity shares upon conversion of warrants pursuant to Preferential Issue by way of circular resolution passed on July 21, 2025.
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Zota Health Care has allotted 2,10,510 fully paid-up equity shares of Rs. 10 face value at Rs. 509 per share (including a premium of Rs. 499) upon conversion of fully convertible warrants issued via a preferential allotment to non-promoter entities. The two allottees are Ramesh S Damani (1,00,000 shares) and Akshat Greentech Private Limited (1,10,510 shares). The company received Rs. 8.04 crore as warrant exercise money (75% of the issue price). As a result, paid-up equity capital rose from Rs. 30.11 crore (3,01,07,411 shares) to Rs. 30.32 crore (3,03,17,921 shares), a marginal increase of about 0.7% in share count. Of the original 26,44,836 warrants allotted in August 2024, 12,82,036 warrants remain outstanding and may be converted in future tranches within 18 months.
Minor equity dilution (~0.7%) for existing shareholders, but the shares were issued at a substantial premium of Rs. 499 above face value, bringing in Rs. 8 crore of capital. Participation by well-known investor Ramesh Damani may be viewed positively, though pending warrant conversions could add further supply.