Nitco Ltd Allots 65,04,065 Equity Shares on Warrant Conversion

Nitco Ltd has announced the allotment of 65,04,065 equity shares of face value ₹10 each at a premium of ₹82.25 per share to Mr. Vivek Prannath Talwar, a promoter. This allotment is pursuant to the exercise and conversion of 65,04,065 convertible warrants. The conversion follows the receipt of the balance 75% subscription amount. The company had initially issued 2,34,10,000 convertible warrants to a promoter on January 27, 2025, at ₹92.25 per warrant. Subsequently, 1,14,00,000 warrants were converted into equity shares on March 23, 2026. The newly allotted shares will rank pari-passu with existing equity shares and are subject to lock-in provisions.