Quarterly Result8 April 2026 at 08:07 am
Emami Realty Ltd Approves Allotment of 82,00,000 Equity Shares on Conversion of Warrants
AI Summary
Emami Realty Ltd's Finance Committee approved the allotment of 82,00,000 equity shares at an issue price of ₹ 128.50/- each to warrant holders. The allotment is made on conversion of existing unsecured loan equivalent to 75% of the warrant exercise price. The new equity shares will rank pari passu with the existing shares and be subject to lock-in restrictions as prescribed under SEBI regulations. The company's paid-up capital increases from ₹ 8,76,67,778/- to ₹ 10,40,67,778/-.
Key Highlights
- Emami Realty Ltd approves allotment of 82,00,000 equity shares on conversion of warrants.
- Allotment made to warrant holders at an issue price of ₹ 128.50/- each.
- Allotment is on conversion of existing unsecured loan equivalent to 75% of the warrant exercise price.
- New equity shares to rank pari passu with existing shares and be subject to lock-in restrictions.
- Company's paid-up capital increases from ₹ 8,76,67,778/- to ₹ 10,40,67,778/-.