Corporate Action4 Nov 2026, 01:16 pm
Diana Tea Allots 40.74 Lakh Warrants to Promoters
AI Summary
Diana Tea Company Limited's Preferential Issue Committee has approved the allotment of 40,74,075 Convertible Warrants to Promoters and Promoter Group. The warrants are priced at ₹27 each, with a face value of ₹5, and include a premium of ₹22. Each warrant is convertible into one equity share within 18 months upon payment of the remaining 75% of the issue price. This allotment was approved by shareholders at the AGM on September 11, 2026, and follows in-principle approval from the BSE. The company stated there is no change in paid-up equity share capital at this stage.
Key Highlights
- Allotment of 40,74,075 convertible warrants approved.
- Warrants issued on preferential basis to Promoters/Promoter Group.
- Each warrant convertible into one equity share within 18 months.
- Allotment price set at ₹27 per warrant.
- Shareholder approval obtained at AGM on September 11, 2026.
Price Impact
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