StockWatch
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Telecom -  Equipment & Accessories
Corporate Action7 May 2026, 11:14 am

Valiant Communications Allots 2.5 Lakh Equity Shares

AI Summary

Valiant Communications Ltd. has allotted 2,50,000 equity shares of face value ₹10 each, following the conversion of an equivalent number of warrants. These warrants, issued on November 27, 2025, at ₹768 each via preferential allotment, were converted based on requests from allottees including Rajiv Khanna, Prajesh Maroo, Niveshaay Hedgehogs Fund, and Niveshaay Sambhav Fund. Post-allotment, the company's paid-up equity share capital increased to ₹11,69,20,900, divided into 1,16,92,090 equity shares. 3,50,000 convertible warrants remain outstanding.

Key Highlights

  • Valiant Communications allots 2,50,000 equity shares upon warrant conversion.
  • Equity shares have a face value of ₹10 each.
  • Post-allotment, paid-up equity share capital rises to ₹11,69,20,900.
  • 2,50,000 warrants were converted at an issue price of ₹768 each.
  • 3,50,000 convertible warrants remain outstanding for future conversion.