
Corporate Action22 Oct 2026, 12:12 pm
EPIC Energy Allots 4 Lakh Equity Shares on Warrant Conversion
AI Summary
EPIC Energy Ltd has allotted 4,00,000 equity shares of face value Rs. 10/- each upon conversion of warrants. This follows the payment of the balance consideration of Rs. 1.50 Crore by warrant holders. The shares were allotted on October 22, 2026, at an issue price of Rs. 50/- each (including Rs. 40/- premium). The warrants were initially allotted on March 24, 2026, to promoters and non-promoters. The newly allotted shares will rank pari passu with existing equity shares. This action is in compliance with SEBI ICDR and LODR Regulations.
Key Highlights
- 4,00,000 equity shares allotted upon warrant conversion.
- Rs. 1.50 Crore received as balance consideration.
- Allotment made at Rs. 50/- per share (Rs. 10 face value, Rs. 40 premium).
- Shares rank pari passu with existing equity.
- Action complies with SEBI regulations.
Price Impact
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