Corporate Action30 Jul 2026, 02:51 pm
Borosil Renewables Allots 12.5 Lakh Shares on Warrant Conversion
AI Summary
Borosil Renewables Limited has announced the allotment of 12,52,629 equity shares following the conversion of warrants. These warrants were initially allotted on a preferential basis to non-promoter category investors on February 14, 2025. The conversion involved warrant holders paying the balance 75% of the issue price. This allotment increases the company's paid-up equity share capital to ₹14,18,44,869, comprising 14,18,44,869 equity shares of Re. 1/- each. The newly issued shares will rank pari-passu with existing shares.
Key Highlights
- 12,52,629 equity shares allotted upon warrant conversion.
- Warrants were initially issued on preferential basis to non-promoters.
- Paid-up equity capital increased to ₹14,18,44,869.
- New shares rank pari-passu with existing equity shares.
- Conversion follows payment of remaining 75% warrant issue price.
Price Impact
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