Mehai Tech Allots 8.04 Cr Equity Shares from Warrant Conversion

Mehai Technology Ltd has allotted 8,04,10,000 equity shares of ₹1 each, including a premium of ₹2.50, on April 27, 2026. This allotment is a result of the conversion of an equal number of warrants, for which the company received ₹21,10,76,250 (being 75% of the issue price). These warrants were initially issued on a preferential basis to promoters and non-promoters in October 2024, following shareholder approval in August 2024. Following this conversion, the company's issued, subscribed, and paid-up equity share capital has increased to ₹82,90,30,000, consisting of 82,90,30,000 fully paid-up equity shares. A total of 11,86,00,000 warrants (2.30 Cr promoter, 9.56 Cr non-promoter) remain pending for conversion. The newly allotted shares rank pari-passu with existing equity shares.