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A total of 52,34,100 equity shares have been allotted following the conversion of convertible warrants, resulting from a preferential allotment. This conversion brings in ₹52.29 crore from 28 warrant holders at ₹999 per warrant, which represents 75% of the issue price. The previous allotment, conducted on November 17, resulted in 25,61,425 convertible warrants, of which a substantial portion has already been converted into equity shares. With this latest issuance, the company's paid-up equity capital has increased to ₹12,96,69,080, comprising 12,96,69,080 equity shares at a face value of ₹1 each. This action enhances the company's equity structure, presenting a positive outlook for increased financial flexibility and potential growth.
All announcements from Bhagiradha Chemicals & Industries Limited