
Corporate Action22 Jun 2026, 06:50 pm
Chatha Foods Allots 1.03 Lakh Shares on Warrant Conversion
AI Summary
Chatha Foods Ltd has approved the allotment of 1,03,000 equity shares of face value Rs. 10 each, following the conversion of an equal number of warrants. The conversion was executed at an exercise price of Rs. 95.25 per warrant, representing 75% of the original issue price of Rs. 127. The total consideration received for this conversion is Rs. 98,10,750. Notably, Rs. 60,00,750 was received from Mr. Iqbal Singh Chatha for the conversion of 63,000 warrants. The remaining 16,000 warrants are pending conversion, awaiting the requisite exercise consideration from Mr. Iqbal Singh Chatha by the due date of August 13, 2026. This transaction is classified as a Preferential Allotment.
Key Highlights
- 1,03,000 equity shares allotted upon warrant conversion.
- Exercise price set at Rs. 95.25 per warrant.
- Total consideration received Rs. 98.11 Lakhs.
- Promoters Gurcharan Singh Gosal and Iqbal Singh Chatha are the allottees.
- 16,000 warrants pending conversion.
Price Impact
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