Corporate Action2 Sept 2026, 07:01 pm
Shukra Pharmaceuticals Allots 11.73 Lakh Equity Shares on Warrant Conversion
AI Summary
Shukra Pharmaceuticals Ltd announced the allotment of 11,73,000 fully paid-up equity shares of Re.1/- each to Navkar Surgical Gujarat Limited, a promoter, upon conversion of warrants. The conversion was made for cash, with the receipt of the remaining exercise price of Rs.26.67/- per share warrant, aggregating to Rs.3,12,83,910/-. This allotment increases the company's paid-up equity capital from Rs.43,96,14,440/- to Rs.44,07,87,440/-. Following this, 17,35,000 warrants remain outstanding for conversion.
Key Highlights
- Allotment of 11.73 lakh equity shares upon warrant conversion.
- Navkar Surgical Gujarat Limited is the promoter receiving the shares.
- Total funds raised from this conversion amount to Rs. 3.12 Crore.
- Paid-up equity capital increased to Rs. 44.07 Crore.
- 17.35 lakh warrants remain outstanding for future conversion.
Price Impact
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