Windsor Machines Limited — Important, 21-02-2025: General Updates

In an important development, Windsor Machines Limited has completed the conversion of 78,18,608 equity warrants into the same number of equity shares. This conversion occurred at an issue price of ₹191.85 per share, with total proceeds of approximately ₹112.50 crore received from the non-promoter allottee group, which includes Mr. Hitendrabhai Patel and Mr. Dharmendra Varsada. Following this conversion, the company's paid-up equity share capital rises to ₹16.89 crore, now comprising 8,44,78,318 fully paid-up equity shares.

These newly allotted shares will be listed on BSE Limited and the National Stock Exchange of India, pending necessary approvals. The transaction outlines a positive step for the company’s capital structure, enhancing its financial flexibility. Investors should note the potential for expansion and increased shareholder value as the company navigates future growth opportunities.