Board Approved the Conversion Of 9,97,894 Warrants Convertible Into 9,97,894 Equity Shares of Face Value Of…
As filed · The Board Approved the Conversion Of 9,97,894 Warrants Convertible Into 9,97,894 Equity Shares of Face Value Of 10/- Each Including Premium of Rs. 104/-
CapitalWatchNotablemateriality 74 out of 100
What happened
FactThe Board Approved the Conversion Of 9,97,894 Warrants Convertible Into 9,97,894 Equity Shares of Face Value Of 10/- Each Including Premium of Rs. 104/-. on October 06, 2024 Board of the Directors of the Company had done allotment of convertible warrants on. warrants convertible into 9,97,894 (Nine lakh Ninety-Seven Thousand Eight Hundred Ninety-Four Only) equity.
Why it matters
CapitSignal interpretationShares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
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Fact- Who the allottees are
- Issue price versus market price
- Lock-in period on the new shares
Evidence
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%