StockWatch
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Copper
Corporate Action13 Apr 2026, 06:41 pm

Mardia Samyoung allots 39 lakh shares from warrant conversion

AI Summary

Mardia Samyoung Capillary Tubes Company Ltd has allotted 3,900,000 equity shares of face value ₹10 each. This allotment is a result of the conversion of 3,900,000 fully convertible equity warrants. These warrants were originally issued on February 6, 2026, to Mr. Gavali Hitendrabhai Bayajebhai, a non-promoter, at an issue price of ₹13.50 per warrant on a preferential basis. Following this allotment, the company's paid-up equity share capital has increased from ₹75,54,80,730 (75,548,073 shares) to ₹79,44,80,730 (79,448,073 shares). The Board of Directors approved this conversion and allotment in a meeting held on April 13, 2026.

Key Highlights

  • 3.9 million equity shares allotted by Mardia Samyoung.
  • Shares resulted from conversion of fully convertible equity warrants.
  • Warrants were issued to a non-promoter at ₹13.50 each.
  • Paid-up equity share capital increased to ₹79.45 crore.