Kilburn Engineering Allots 15.35 Lakh Equity Shares on Warrant Conversion
Kilburn Engineering Ltd's Share Allotment Committee has approved the allotment of 15,35,000 equity shares upon conversion of convertible warrants on May 16, 2026. The shares, with a face value of ₹10 each, were allotted to M/s. Procheta Consultants Private Limited (15,00,000 shares) and M/s. Yuvsan Capital Advisory LLP (35,000 shares). These warrants were originally allotted on November 16, 2024, at an issue price of ₹425 per warrant. Additionally, 2,35,000 warrants allotted to M/s. Ovata Equity Strategies Master Fund have lapsed due to non-payment, resulting in forfeiture of the upfront subscription amount of ₹2,49,68,750. Post allotment, the company's paid-up equity share capital increased from ₹54,46,53,580 to ₹56,00,03,580.
Key Highlights
- Kilburn Engineering allots 15,35,000 equity shares upon conversion of warrants.
- Procheta Consultants received 15,00,000 shares, and Yuvsan Capital Advisory LLP received 35,000 shares.
- 2,35,000 warrants lapsed, forfeiting ₹2,49,68,750 in upfront subscription amount.
- Paid-up equity share capital increases to ₹56,00,03,580 post allotment.
Price Impact
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