Copper
Corporate Action11 April 2026 at 12:00 pm

Mardia Samyoung Allots 78.15 Lakh Shares from Warrant Conversion

AI Summary

Mardia Samyoung Capillary Tubes Company Ltd's Board of Directors approved the allotment of 78,15,000 equity shares, each with a face value of INR 10, on April 11, 2026. These shares were issued following the conversion of 78,15,000 fully convertible equity warrants. The warrants were originally allotted on February 6, 2026, to Mr. Patel Biralkumar Rajeshbhai (39,50,000 warrants) and Mr. Shaikh Sajidbhai Rahimbhai (38,65,000 warrants) at an issue price of INR 13.50 per warrant on a preferential basis to non-promoter categories. Consequently, the company's paid-up equity share capital has increased from INR 67,73,30,730 (6,77,33,073 shares) to INR 75,54,80,730 (7,55,48,073 shares).

Key Highlights

  • 78.15 lakh equity shares allotted upon warrant conversion.
  • Paid-up capital increased by ₹7.815 crore to ₹75.548 crore.
  • Warrants were issued to non-promoters at ₹13.50 per warrant.
  • The conversion increases the total number of outstanding shares.