Manaksia Coated Metals Converts 8 Lakh Warrants to Equity

Manaksia Coated Metals & Industries Ltd announced the conversion of 8,00,000 warrants into equity shares on June 30, 2026. The conversion involved allotting 8,00,000 equity shares of Re. 1 face value at an issue price of Rs. 65 each, including a premium of Rs. 64. This conversion was executed upon receipt of the balance amount of Rs. 48.75 per warrant from the allottees, who belong to the Promoter/Promoter Group category. The total amount received for this conversion was Rs. 3,90,00,000. Following this, the company's issued and paid-up capital increased to Rs. 10,66,34,050, comprising 10,66,34,050 equity shares. The newly allotted shares will rank pari-passu with existing shares. The company also noted that 20,00,000 warrants remain outstanding for conversion.