Sunita Tools Ltd — Important, 20-10-2025: Company Update
20-10-2025 | 06:46 pm
20-10-2025 | 06:46 pm
Sunita Tools' board approved the allotment of 1,23,076 new Equity Shares to the Promoter group. These shares, priced at Rs. 325 each, resulted from the conversion of warrants, for which the company received a balance payment of Rs. 2.99 crore. This issuance has increased the company's paid-up equity capital from Rs. 6.11 crore to Rs. 6.23 crore, with the total number of shares rising from 61.10 lakh to 62.33 lakh. Furthermore, 47,385 warrants remain outstanding, convertible into equity shares upon payment of the remaining 75% within the stipulated 18-month period. This strengthens the promoter's stake and injects capital into the company.
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