Quarterly Updates3 Mar 2026, 06:02 pm
Marble City India Ltd Board Approves Conversion of 6,45,101 Warrants to Equity Shares for Promoter Group
AI Summary
Marble City India Ltd announced the outcome of its Board Meeting held on 03.03.2026. The Board approved the conversion of 6,45,101 warrants into an equal number of equity shares for the Promoter Group. The warrants were allotted on September 10, 2024, at an issue price of Rs. 17.00 each (including a premium of Rs. 12.00 each). The allottees will receive 75% of the issue price per warrant, amounting to Rs. 12.75 per warrant, upon exercise of their rights of conversion into equity shares. The new equity shares will rank pari-passu with the existing equity shares of the Company. The issued and paid-up capital of the Company stands increased to Rs. 12,75,75,540 consisting of 2,55,15,108 equity shares of Rs. 5/- each.
Key Highlights
- Marble City India Ltd Board Meeting approved the conversion of 6,45,101 warrants into equity shares for the Promoter Group.
- The warrants were allotted on September 10, 2024, at an issue price of Rs. 17.00 each (including a premium of Rs. 12.00 each).
- Allottees to receive 75% of the issue price per warrant, amounting to Rs. 12.75 per warrant, upon exercise of their rights of conversion into equity shares.
- The new equity shares will rank pari-passu with the existing equity shares of the Company.
- The issued and paid-up capital of the Company stands increased to Rs. 12,75,75,540 consisting of 2,55,15,108 equity shares of Rs. 5/- each.