Marble City India Converts 3,85,000 Warrants to Equity

Marble City India Ltd announced the outcome of its Board Meeting held on July 24, 2026. The board approved the allotment of 3,85,000 equity shares upon conversion of an equal number of warrants. These warrants were initially issued on a preferential basis to non-promoter category allottees. The conversion was completed upon receipt of the balance payment of Rs. 2,90,19,375/-. Each warrant was converted into one equity share at an issue price of Rs. 100.50 per share, including a premium of Rs. 95.50. This conversion increases the company's issued and paid-up capital to Rs. 13,01,50,540/-, comprising 2,60,30,108 equity shares of Rs. 5/- each. The newly allotted shares will rank pari-passu with existing equity shares.