Corporate Action9 Sept 2026, 12:40 pm
Mish Designs Allots 87,720 Equity Shares on Warrant Conversion
AI Summary
Mish Designs Ltd announced the allotment of 87,720 equity shares following the conversion of warrants. The conversion was done on a preferential basis to non-promoter/public category investors at an issue price of Rs. 57 per share, including a premium of Rs. 47. The company received the balance 75% of the issue price, amounting to Rs. 37,50,030, for this conversion. This allotment has increased the company's paid-up equity capital from Rs. 3,44,61,600 to Rs. 3,53,38,800. A total of 1,57,895 warrants remain outstanding for conversion.
Key Highlights
- 87,720 warrants converted into equity shares.
- Allotment made on preferential basis to public category.
- Issue price fixed at Rs. 57 per share.
- Paid-up capital increased post-allotment.
- 1,57,895 warrants still outstanding.
Price Impact
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