'Allotment of Equity Shares consequent to conversion of Warrants of Manaksia Coated Metals & Industries…
As filed · Manaksia Coated Metals & Industries Limited has informed the Exchange regarding 'Allotment of Equity Shares consequent to conversion of Warrants of Manaksia Coated Metals & Industries Limited ("the Co
What happened
FactManaksia Coated Metals & Industries Limited has informed the Exchange regarding 'Allotment of Equity Shares consequent to conversion of Warrants of Manaksia Coated Metals & Industries Limited ("the Company")'. Category”, consequent upon the conversion of 27,65,000 Warrants issued at an Issue Price of Rs. 18/-each,. preferential allotment basis, upon receipt of balance amount at the rate of Rs.13.50 per warrant (being 75%.
Why it matters
CapitSignal interpretationShares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Demand
WithdrawnBut I feel that maybe it will take another 10, 15 days to completely normalize and for movement and trade to pick up in the region.
I think the business is now picking up.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Who the allottees are
- Issue price versus market price
- Lock-in period on the new shares
- we are quite confident of having this kind of order book continuously going forward for the rest of the year a (management committed by FY27)
- Yes, you're right. Second color coating line is due to be commissioned in Q2 of FY27, which is sometime very s (management committed by Q2 FY27)
Evidence
- Manaksia Coated Metals & Industries Limited has informed the Exchange regarding 'Allotment of Equity Shares consequent to conversion of Warrants of Manaksia Coated Metals & Industries Limited ("the Company")'.(opens the original filing in a new tab)
- Earlier statement · Q4 FY25
- Latest statement · Q4 FY25
- Earlier statement · Q4 FY25
How CapitSignal classified this
- Reasoning:
- PREFERENTIAL_ALLOTMENT base 66; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%