Corporate Action18 Jun 2026, 07:41 pm
Shiva Granito Converts Warrants to 28 Lakh Equity Shares
AI Summary
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 price was ₹15 per share, with an allotment to the company's promoters. This preferential allotment, approved by the Board of Directors on June 18, 2026, involved a total value of ₹3,15,00,000. The equity shares were allotted at a premium of ₹5 per share.
Key Highlights
- 28,00,000 convertible warrants converted into equity shares.
- Conversion price set at ₹15 per equity share.
- Allotment made to the company's promoters.
- Total value of conversion amounts to ₹3,15,00,000.
- Preferential allotment via warrant conversion approved by the Board.
Price Impact
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