StockWatch
·
Stockbroking & Allied
Deals30 Sept 2026, 01:43 pm

Swastika Investmart Allots 90.5 Lakh Warrants, Raises ₹14.4 Cr

AI Summary

Swastika Investmart Ltd's Preferential Allotment Committee approved the allotment of 90,50,000 share warrants convertible into equity shares. The company has received an aggregate upfront payment of ₹14,39,85,500 (₹14.40 Crore), representing 25% of the total warrant consideration. The remaining 75% is payable within 18 months upon conversion. The allotment includes both promoter and non-promoter categories, with specific individuals and entities named as allottees. This move aligns with member approval from an EGM held on August 14, 2026, and has received in-principle approval from BSE.

Key Highlights

  • Approved allotment of 90,50,000 share warrants.
  • Raised ₹14.40 Crore upfront, 25% of total warrant consideration.
  • Warrants convertible to equity shares within 18 months.
  • Allotment includes promoter and non-promoter groups.
  • Received in-principle approval from BSE Limited.