Corporate Action6 Jul 2026, 08:50 pm
Arcee Industries Allots 2.13 Cr Convertible Warrants
AI Summary
Arcee Industries Ltd has announced the allotment of 2,13,00,000 (2.13 crore) fully convertible warrants on a preferential basis to persons belonging to the 'Public' category. Each warrant is convertible into one equity share. The issue price per warrant is Rs. 10.35, with 25% of the subscription amount received. The warrants are subject to a lock-in period as per SEBI regulations. This allotment does not immediately change the company's paid-up equity share capital. The company received shareholder approval on February 21, 2026, and in-principle approval from BSE Limited on June 01, 2026.
Key Highlights
- Arcee Industries allotted 2.13 crore convertible warrants.
- Warrants are convertible into equity shares at Rs. 10.35 each.
- Allotment is on a preferential basis to non-promoter public.
- No immediate change in paid-up equity share capital.
- Warrants are subject to SEBI regulations and lock-in periods.
Price Impact
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