Alphalogic Techsys Ltd approves preferential allotment of up to 18 lakh Convertible Warrants
Alphalogic Techsys Ltd has approved the issue of up to 18,00,000 Convertible Warrants on a preferential basis to Vivaro Enterprises Limited. The issuance aggregates up to Rs. 5,40,00,000/- (Rupees Five Crores Forty Lakhs only) at an issue price of Rs. 30/- per warrant.The Company's Board of Directors considered and approved the preferential allotment, which is intended for a non-promoter entity. The warrants are convertible into fully paid up equity shares of face value Rs. 5 (Rupees Five Only) each. This transaction was taken on record by the Board during its meeting held on July 23, 2026.
Vivaro Enterprises Limited has been identified as the proposed allottee for this issuance. The details of the allotment and associated financial parameters are summarized below:
| Particulars | Details |
|---|---|
| Name of Proposed Allottee | Vivaro Enterprises Limited (Non-Promoter) |
| Total Warrants Issued (Up to) | 18,00,000 |
| Aggregate Issue Value (Up to) | Rs. 5,40,00,000/- |
| Issue Price per Warrant | Rs. 30/- |
The warrants are subject to conversion by the warrant holder(s) within a maximum period of 18 months from the date of allotment into an equivalent number of equity shares for cash consideration.
In terms of the preferential allotment, the following details have been noted:
- Nature of Consideration: Cash
- Pre-Preferential Holding: NIL
- Post Issue Capital held: The issuance is expected to result in 18,00,000 warrants/equity shares, representing 2.79% of the post-conversion equity capital.
The Board also approved the notice for a Postal Ballot to seek shareholder approval and other related matters incidental thereto.
Stock Price Movement
At 12:44, Alphalogic Techsys Ltd is ticking lower in the market, with shares currently standing at ₹41.51 after dipping by 5.05%. Throughout the trading session, the stock saw significant movement, ranging between a low of ₹40.88 and a high of ₹44.00.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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