Mitsu Chem Plast Allots 10 Lakh Warrants at ₹151 Each

Mitsu Chem Plast Limited has approved the allotment of 10,00,000 Fully Convertible Warrants to equity shares for cash at an issue price of ₹151 per warrant. The total issue size aggregates to ₹15,10,00,000 (₹15.10 Crore). The warrants are convertible into an equivalent number of equity shares of face value ₹10 each, at a premium of ₹141 per share. A 25% subscription amount has been received upfront, with the remaining 75% payable within 18 months upon conversion. The allottees include promoters Manish Mavji Dedhia and Sanjay Mavji Dedhia, and non-promoter Rikhav Securities Limited. The allotment is on a preferential basis and subject to lock-in provisions as per SEBI ICDR Regulations. There is no immediate change in the company's paid-up equity share capital.