Shivalik Rasayan allots equity shares and convertible warrants for Rs. 30,74,97,500
As filed · Shivalik Rasayan Limited has informed the Exchange regarding Outcome of Board Meeting held on September 14, 2026.
CapitalMixedNotablemateriality 68 out of 100
What happened
FactShivalik Rasayan allotted 2,82,000 equity shares at Rs. 250 per share to public-category allottees for an aggregate Rs. 7,05,00,000. The company also allotted 9,47,990 fully convertible warrants at Rs. 250 per warrant for an aggregate Rs. 23,69,97,500 to promoter and public-category allottees.
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:
- The allotments bring in stated cash consideration of Rs. 30,74,97,500 and increase the company’s equity base. The warrants include an allotment of 4,28,000 warrants to promoter Growel Remedies Limited, while the filing does not state the use of proceeds or conversion timeline.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%