Almondz Global Securities Ltd Allots 80 Lakh Warrants in Preferential Basis
Almondz Global Securities Ltd has announced the allotment of Fully Convertible Warrants following a meeting of its Committee For Further Issue of Share, held on June 29, 2026. The company approved the issuance of 80 lakh Fully Convertible Warrants to members falling under the Non-Promoter, Public Category on a preferential basis.
The warrants were issued at an issue price of Rs. 16.58 per Warrant. The allotment requires the recipients to pay 25% of the issue price upon receipt of the warrant, with the remaining equity shares being convertible into the warrantees within a specified timeline.
Details regarding the allocation are as follows:
| S. No. | Name of Allottee | Category | No. of Warrants Allotted |
|---|---|---|---|
| 1 | Ms. Nandakumar Padma | Individual | 80,00,000 |
The granted warrants entitle the allottees to apply for and be allotted an equal number of equity shares of face value Rs. 1/- each for every Warrant held. Holders must pay the balance 75% of the issue price within 18 months from the date of allotment. These warrants are subject to a lock-in period as per regulatory provisions regarding capital issuance and disclosure requirements.
The company stated that while the allotment of these warrants is complete, it will not result in any immediate change to the paid-up share capital of Almondz Global Securities Ltd. The increase in paid up share capital will occur only upon the exercise and subsequent conversion of the said Warrants into Equity Shares, adhering to all applicable terms and conditions.
ALMONDZ Stock Price Movement
Almondz Global Securities Limited shares shed 1.77% in post-market trading today, concluding the session at ₹12.76. The company’s stock saw activity volume of 72,841 shares.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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