Corporate Action2 Oct 2026, 01:16 pm
Dhansafal Finserve: 3.69 Cr Warrants Lapse, Funds Forfeited
AI Summary
Dhansafal Finserve Ltd announced the lapse of 3,69,20,000 convertible warrants, originally allotted on April 2, 2025, at ₹4.31 per warrant. The conversion option, valid for 18 months, expired on October 1, 2026. Out of the total 8,66,20,000 warrants, 4,97,00,000 were converted into equity shares upon receipt of the balance consideration. The unexercised warrants, representing ₹3,97,81,300 in forfeited funds, will not impact the company's paid-up equity share capital. This non-conversion also reduces potential equity dilution. The forfeiture is in accordance with SEBI ICDR Regulations.
Key Highlights
- 3,69,20,000 convertible warrants have lapsed.
- ₹3,97,81,300 in funds paid for these warrants are forfeited.
- No change in paid-up equity share capital expected.
- Potential equity dilution is reduced.
- Forfeiture aligns with SEBI ICDR Regulations.
Price Impact
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