Corporate Action13 Jun 2026, 06:21 pm
Future Market Networks Allots 3.1M Equity Shares on Warrant Conversion
AI Summary
Future Market Networks Ltd has approved the conversion of 31,18,574 convertible warrants into an equal number of equity shares. The conversion, executed at a price of ₹11.21 per share (₹10 face value + ₹1.21 premium), was approved by the Board via circular resolution on June 13, 2026. This allotment is to Surplus Finvest Private Limited, a promoter group entity. The total value of the allotment is approximately ₹3.49 crore. This action is in accordance with SEBI (ICDR) Regulations, 2018 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- 3,118,574 equity shares allotted upon warrant conversion.
- Conversion price set at ₹11.21 per share.
- Allotment made to promoter group entity, Surplus Finvest Pvt Ltd.
- Total value of allotment approximately ₹3.49 crore.
- Action complies with SEBI ICDR and LODR Regulations.
Price Impact
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