Corporate Action6 Jun 2026, 03:01 pm
Shri Gang Industries Allots Equity Shares from Warrants & CCPS Conversion
AI Summary
Shri Gang Industries & Allied Products Ltd announced the allotment of 1,34,680 equity shares from the conversion of fully convertible warrants and 11,24,375 equity shares from the conversion of Compulsorily Convertible Preference Shares (CCPS). This preferential allotment increases the company's paid-up equity share capital to ₹21,23,90,550. The conversion of warrants involved an allottee from the Promoter & Promoter Group, while the CCPS conversion was to entities in the 'Public' category. The total funds raised through this conversion are substantial, bolstering the company's equity base.
Key Highlights
- Allotment of 1,34,680 equity shares from convertible warrants.
- Allotment of 11,24,375 equity shares from CCPS conversion.
- Total equity capital increased to ₹21,23,90,550.
- Preferential allotment via private placement.
- Warrant conversion included a promoter group allottee.
Price Impact
More from SHRIGANG