Investment27 Jun 2026, 10:40 pm
Golkunda Diamonds Approves Allotment of 12.4 Lakh Warrants
AI Summary
Golkunda Diamonds & Jewellery Ltd announced the Board of Directors' approval for the allotment of 1,240,000 warrants on a preferential basis to non-promoters. Each warrant is priced at ₹214 and is convertible into one equity share of ₹10 face value. This move follows shareholder approval from an EGM on March 9, 2026, and in-principal approval from BSE on June 15, 2026. The warrants are convertible within 18 months from the allotment date. The issue was fully subscribed, with 25% of the warrant price received upfront from investors.
Key Highlights
- Board approved allotment of 1,240,000 warrants.
- Warrants priced at ₹214 each, convertible to equity shares.
- Allotment is on a preferential basis to non-promoters.
- Issue fully subscribed; 25% payment received upfront.
- Conversion period is 18 months from allotment.
Price Impact
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