Corporate Action30 Sept 2026, 01:26 pm
Swastika Investmart Allots 90.5 Lakh Warrants, Raises ₹14.4 Cr Upfront
AI Summary
Swastika Investmart Ltd's Preferential Allotment Committee approved the allotment of 90,50,000 share warrants convertible into equity shares. This allotment is to promoter, promoter group, and non-promoter/public categories, following member approval in an EGM held on August 14, 2026. 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 warrants are subject to applicable lock-in requirements. The meeting commenced at 1:00 PM and concluded at 1:20 PM on September 30, 2026.
Key Highlights
- Allotment of 90.5 lakh warrants convertible to equity shares approved.
- ₹14.40 Crore raised as upfront payment (25% of total consideration).
- Allotment includes promoter, promoter group, and non-promoter categories.
- Conversion rights to be exercised within 18 months.
- Warrants subject to SEBI lock-in regulations.
Price Impact
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