StockWatch
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Residential- Commercial Projects
Corporate Action9 May 2026, 09:21 pm

Arihant Foundations Allots 2,45,000 Equity Shares on Warrant Conversion

AI Summary

Arihant Foundations & Housing Ltd. has allotted 2,45,000 fully paid-up equity shares of face value ₹10 each at an issue price of ₹480 per share (including a premium of ₹470 per share) upon conversion of an equal number of warrants. This follows the receipt of the balance 75% of the issue price amounting to ₹360 per warrant. The allotment was approved by the Board of Directors on May 9, 2026. Post-allotment, the paid-up equity share capital increased from ₹9,96,56,240 to ₹10,21,06,240.

Key Highlights

  • Arihant allots 2,45,000 equity shares upon conversion of warrants.
  • Issue price is ₹480 per share, including a premium of ₹470.
  • Kamal Lunawath (Promoter) receives 1,70,000 shares; Pranay Marlecha (Non-Promoter) receives 75,000 shares.
  • Paid-up equity share capital increases to ₹10,21,06,240 after allotment.
  • Allotted shares rank pari-passu with existing equity shares.