StockWatch
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Tea & Coffee
Corporate Action4 Nov 2026, 01:23 pm

Diana Tea Approves Allotment of 40.74 Lakh Convertible Warrants

AI Summary

Diana Tea Company Limited's Preferential Issue Committee has approved the allotment of 40,74,075 Convertible Warrants at ₹27 each to Promoters and Promoter Group. This allotment, priced at ₹27 per warrant (including a premium of ₹22), is on a preferential basis and follows shareholder approval from the AGM on September 11, 2026. Each warrant is convertible into one equity share of face value ₹5 within 18 months. No change in paid-up equity capital is reported at this stage.

Key Highlights

  • Allotment of 40,74,075 convertible warrants approved.
  • Warrants issued on preferential basis to Promoters/Group.
  • Each warrant convertible into one equity share.
  • Conversion option valid for 18 months.
  • No immediate change in paid-up equity capital.