Megamont Ltd: Promoters Convert Warrants, Increase Stake

Megamont Ltd announced that Minal Gaurav Patil and Maddukuri Mounica, identified as promoters, have converted warrants into equity shares. This conversion resulted in an increase of their shareholding in the company. Prior to the conversion, their combined holding was 55.44% of the shares carrying voting rights. Following the conversion, their stake has risen to 60.22%. The acquisition was made through the conversion of warrants issued on a preferential basis. The total diluted share capital of the company after the acquisition is 3,33,61,806 equity shares.