Corporate Action29 Sept 2026, 09:20 pm
Alphalogic Industries: 3.3 Lakh Warrants Convert to Equity
AI Summary
Alphalogic Industries Ltd announced the conversion of 3,30,000 convertible warrants into equity shares, raising ₹69.30 Lakhs. This conversion increases the company's paid-up equity share capital to 1,05,19,200 shares. Following this, 14,70,000 warrants remain outstanding. The conversion led to a dilution in the promoter's (Alphalogic Techsys Limited) shareholding from 51.18% to 49.57%, causing Alphalogic Industries to cease being a subsidiary of Alphalogic Techsys Limited. The promoter continues to hold its promoter status.
Key Highlights
- 3,30,000 warrants converted into equity shares.
- ₹69.30 Lakhs raised from warrant conversion.
- Company's paid-up capital increased to 1,05,19,200 shares.
- Promoter's shareholding diluted to 49.57%.
- Company ceases to be a subsidiary of Alphalogic Techsys.
Price Impact
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