Modern Dairies Promoters Convert ₹43 Cr Warrants to Equity

Modern Dairies Limited announced the successful conversion of fully convertible warrants worth ₹43 Crores into equity shares. The conversion involved 86,00,000 warrants, issued on March 13, 2025, into an equivalent number of equity shares of Rs. 10 each at a premium of Rs. 40 each. This transaction has increased the company's Paid-up Equity Share Capital from Rs.23,31,98,610 to Rs.31,91,98,610. The premium amount of Rs. 34,40,00,000 will be transferred to the Reserve & Surplus account. Following the conversion, the Promoters and Promoter Group now hold 60.34% of the enhanced equity capital, strengthening the company's financial position and capital base.