StockWatch
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Other Agricultural Products
Corporate Action16 May 2026, 04:00 pm

Elegant Floriculture Allots 22,26,666 Equity Shares

AI Summary

Elegant Floriculture & Agrotech India Ltd's board approved the allotment of 22,26,666 equity shares (face value ₹10 each) following the conversion of an equivalent number of fully convertible equity warrants. These warrants were part of a preferential allotment made on November 26, 2024, to non-promoter category individuals. The company's paid-up equity share capital has increased from ₹19,96,71,500 to ₹22,19,38,160. The remaining 34,73,334 warrants will be converted within 18 months.

Key Highlights

  • 22,26,666 equity shares allotted upon warrant conversion.
  • Allotment to non-promoter individuals via preferential route.
  • Paid-up equity capital increased to ₹22,19,38,160.
  • Remaining warrants to be converted within 18 months.