Stellant Securities Allots 1.5 Lakh Shares on Warrant Conversion

Stellant Securities (India) Ltd has allotted 150,000 equity shares following the conversion of an equal number of warrants. These warrants were initially allotted on a preferential basis to promoters at an issue price of ₹340 per warrant. The conversion involved the payment of the remaining 75% of the issue price, amounting to ₹255 per warrant, totaling ₹3,82,50,000. The newly allotted shares, with a face value of ₹10 each, will rank pari passu with existing shares and are subject to listing approval on BSE. This allotment increases the company's paid-up capital from ₹5,53,59,950 to ₹5,68,59,950.