Corporate Action29 Sept 2026, 09:20 pm
Alphalogic Allots 3.3 Lakh Shares on Warrant Conversion
AI Summary
Alphalogic Industries Ltd has allotted 3,30,000 equity shares upon conversion of an equal number of warrants, following receipt of the balance payment from Vivaro Enterprises Limited. This conversion increases the company's paid-up equity share capital to ₹10,51,92,000, comprising 1,05,19,200 shares. Consequently, Alphalogic Techsys Limited's promoter shareholding has diluted from 51.18% to 49.57%, causing Alphalogic Industries to cease being a subsidiary of Alphalogic Techsys. 14,70,000 warrants remain outstanding.
Key Highlights
- 3,30,000 equity shares allotted on warrant conversion.
- Paid-up capital increased to ₹10,51,92,000.
- Promoter shareholding diluted below 50%, company no longer a subsidiary.
- 14,70,000 warrants remain outstanding.
- Allotment to Vivaro Enterprises Limited (Non-Promoter/Public).
Price Impact
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