Ester Industries Allots 67,08,851 Equity Shares on Warrant Conversion

Ester Industries Ltd has allotted 67,08,851 equity shares with a face value of ₹5 each, following the conversion of an equivalent number of fully convertible warrants. These warrants, originally allotted on November 12, 2024, at an issue price of ₹158 per warrant (including a premium of ₹153), were converted for cash. The allotment includes shares to promoter Arvind Singhania and several public entities. Following this allotment, the company's paid-up equity share capital has increased to ₹52,14,75,210, comprising 10,42,95,042 equity shares.