Investment23 Feb 2026, 04:32 pm
Bizotic Commercial Ltd Allots 3,44,000 Convertible Warrants to Promoter Group for Rs. 290 Each
AI Summary
Bizotic Commercial Ltd has allotted 3,44,000 Convertible Warrants to M/s. Bizotic Industries Private Limited, a Promoter and Promoter Group Category allottee, at a price of Rs. 290 per Warrant. Each Warrant is convertible into one fully paid-up Equity Share of the Company having a face value of Rs. 10.00 within 18 months from the date of allotment. Post-conversion, the Paid-up Equity Share Capital of the Company will increase from Rs. 8,04,00,000 divided into 80,40,000 Equity shares to Rs. 9,64,20,000 divided into 96,42,000 Equity shares.
Key Highlights
- Bizotic Commercial Ltd allots 3,44,000 Convertible Warrants to Promoter Group allottee.
- Each Warrant is priced at Rs. 290, including a premium of Rs. 280.
- Warrants are convertible into one fully paid-up Equity Share within 18 months from the date of allotment.
- Post-conversion, the Paid-up Equity Share Capital of the Company will increase to Rs. 9,64,20,000 divided into 96,42,000 Equity shares.
- Allotment is made in accordance with the provisions of Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.