Corporate Action7 Sept 2026, 12:18 pm
Milkfood Ltd Allots 22 Lakh Convertible Warrants
AI Summary
Milkfood Ltd announced the allotment of 22,00,000 Convertible Warrants on a preferential basis to persons in the Non-Promoter/Public Category. The warrants are issued at a price of ₹30/- each, with 25% of the issue price (₹7.50) received upfront. Each warrant entitles the holder to subscribe to one equity share upon payment of the balance 75% within 18 months. The allotment was approved by the Board on June 30, 2026, members on July 27, 2026, and received in-principle approval from BSE on August 25, 2026. The company's paid-up share capital remains unchanged for now, with an increase contingent upon warrant conversion. The warrants are subject to a lock-in period as per SEBI regulations.
Key Highlights
- Allotment of 22,00,000 convertible warrants approved.
- Warrants issued on preferential basis to non-promoter category.
- Issue price set at ₹30 per warrant; 25% received upfront.
- Conversion into equity shares possible within 18 months.
- Paid-up share capital unchanged pending conversion.
Price Impact
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