S J Logistics (India) Limited — Important, 18-03-2025: General Updates

S J Logistics (India) Limited's Board has approved the conversion of 25,000 warrants into an equivalent number of equity shares at an issue price of ₹576 (including a premium of ₹566). The transaction raised ₹1.08 crore from the promoter Mr. Rajen Hasmukhlal Shah, who now holds 55,35,450 shares post-conversion, reflecting a slight increase in his total shareholding from 36.35% to 36.45%. Following this move, 6,40,000 warrants remain available for conversion, which can be exercised within 18 months by paying the remaining 75% of the issue price. This increase in equity share capital positions the company with a total capital of ₹15.18 crore, enhancing its financial foundation for future growth. Investors should monitor the impact of this share conversion on liquidity and shareholding structure, as it could influence market sentiment and stock performance.