Almondz Global Securities Approves Preferential Allotment Through Unsecured Loan Conversion
Almondz Global Securities Limited has approved the allotment of equity shares on a preferential basis. This strategic move involves converting existing unsecured loans into new equity shares for one of its promoters, decided by the company’s committee during a meeting held on July 24, 2026.The decision follows the review and approval process to facilitate the conversion of outstanding unsecured loans into equity stakes in Almondz Global Securities Limited. The allotment targets Avonmore Capital & Management Services Limited, which is identified as a promoter in this transaction.
The details of the preferential allotment are presented below:
| Allottee Name | Maximum Equity Shares Proposed | Face Value per Share | Issue Price per Share | Total Consideration | Nature of Consideration |
|---|---|---|---|---|---|
| Avonmore Capital & Management Services Limited (Promoter) | 16,318,538 | Rs. 1/- | Rs. 15.32/- | Rs. 25,00,00,000/- | Conversion of existing unsecured loan into equity shares (non-cash consideration) |
The allotment allows the promoter entity to receive equity in exchange for the conversion of existing debt. The issue price includes a premium of Rs. 14.32/- per Equity Share over its face value.
Furthermore, the company confirmed that these newly allotted equity shares will be locked in for a specified period. The equity shares obtained through this preferential basis shall rank pari passu with all other existing equity shares of Almondz Global Securities Limited.
ALMONDZ Stock Price Movement
Shares of Almondz Global Securities Limited slipped by 1.31% in today's trading, closing at ₹12.86 after settling down from the previous close. The stock traded within a narrow intraday range, dipping as low as ₹12.70 and reaching a high of ₹13.15.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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