DJ Mediaprint converts 2.92 lakh warrants into equity shares

DJ Mediaprint & Logistics Ltd's Board has approved the conversion of 2,92,001 warrants into an equal number of equity shares. These shares were issued at a price of ₹114 each (face value of ₹10 plus a premium of ₹104). The company received ₹2,49,66,000, representing 75% of the issue price, from six public allottees who exercised their conversion rights. This conversion follows a preferential allotment approved by shareholders on October 06, 2024. Consequently, the company's issued, subscribed, and paid-up equity share capital has increased to ₹34,66,98,520, comprising 3,46,69,852 fully paid-up equity shares of ₹10 each. Post-conversion, 36,10,359 warrants of promoter Dinesh Muddu Kotian and 24,36,668 warrants of non-promoters remain pending for conversion. The newly allotted shares will rank pari-passu with existing equity shares.