Shiva Granito Converts 28 Lakh Warrants to Equity Shares

Shiva Granito Export Ltd announced the conversion of 28,00,000 convertible warrants into an equal number of equity shares of face value ₹10 each. The conversion was approved by the Board of Directors on June 18, 2026, at a conversion price of ₹15 per share. This preferential allotment, involving a total subscription amount of ₹3,15,00,000, was made to the company's promoters: Brand Avenue Media Private Limited, Hojaasi India Private Limited, Grid Trading Private Limited, Syrupy Trading Private Limited, Gopal Bhatter HUF, Bhomraj Bhatter HUF, Hemant Bohra HUF, and Waniza Riyaz. The equity shares were allotted fully paid up at a premium of ₹5 per share.