Agarwal Toughened Glass India Completes Preferential Allotment of Equity Shares and Warrants
Agarwal Toughened Glass India Limited, formerly known as Agarwal Toughened Glass India Private Limited, has announced the completion of a preferential allotment involving equity shares and warrants. The Board of Directors approved the allocation on July 3, 2026.The company allotted 1,651,866 equity shares to promoter and identified non-promoter persons and entities. These shares, which have a face value of Rs. 10/- each, were offered for cash at a price of Rs. 109/per Equity Share, including a share premium of Rs. 99/-. The aggregate amount received from the allotment of equity shares amounted to Rs. 18,00,53,394/-.
Additionally, 4,590,000 warrants were allotted under the preferential basis to various promoters and non-promoter investors. These warrants, which are convertible into fully paid-up equity shares of the company having a face value of Rs. 10/- each, carry an agreed price of Rs. 109/- per warrant upon conversion. The total aggregate value assigned to these warrants is Rs. 50,03,10,000/-. Of this amount, Rs. 12,50,77,500/-, representing 25% of the warrant issue price, was received from the allottees at the time of allotment.
The preferential allotment involved a total of 22 investors across various categories, including promoters and non-promoters.
A summary of the primary transaction details is provided in the table below:
| Security Type | Total Number Allotted | Issue Price/Amount | Aggregate Value (Rs.) |
|---|---|---|---|
| Equity Shares | 1,651,866 | Rs. 109/- per share | 18,00,53,394 |
| Warrants | 4,590,000 | Price structure (25% upfront) | 50,03,10,000 |
The issuance of the equity shares and warrants resulted in a significant increase to the company’s capital base. The issued, subscribed, and paid-up equity share capital of the company is now Rs. 19,32,64,660/-, divided into 19,326,466 Equity Shares of face value Rs. 10/- each, up from a previous base of Rs. 17,67,46,000/- divided into 17,674,600 Equity Shares.
The warrants issued are convertible into an equal number of equity shares, with the terms stipulating that the balance issue price must be paid by the respective allottees within a period of 18 months from the date of allotment of the warrants.
AGARWALTUF Stock Price Movement
On Friday, shares of Agarwal Toughened Glass India Limited edged higher to close at ₹133.70 after a 1.44% gain. The equity saw robust activity throughout the session, with 25,200 shares changing hands.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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