Corporate Action17 Sept 2026, 06:20 pm
Marble City India approves 30 Lakh Convertible Warrants
AI Summary
Marble City India Ltd announced the outcome of its Board Meeting held on September 17, 2026. The Board approved the allotment of 30,00,000 convertible warrants at Rs. 100 each to promoters Saket Dalmia and Amit Dalmia. These warrants are convertible into equity shares of face value Rs. 5 each. The approval follows shareholder consent in an EGM on June 10, 2026, and in-principle approval from BSE. The warrants carry an option for conversion within 18 months upon payment of the remaining subscription amount, with a lock-in period as per SEBI regulations. The company stated that the paid-up share capital remains unchanged post-allotment.
Key Highlights
- Board approved allotment of 30,00,000 convertible warrants.
- Warrants issued at Rs. 100 each to promoters Saket and Amit Dalmia.
- Conversion into equity shares possible within 18 months.
- Shareholder and BSE approval obtained prior to allotment.
- Paid-up share capital remains unchanged post-warrant allotment.
Price Impact
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