Ambani Orgochem Limited Allots 9,79,810 Equity Shares Following Warrant Conversion
Ambani Orgochem Limited has completed the allotment of equity shares following the conversion of convertible warrants. The Board of Directors approved the allotment of 9,79,810 equity shares to various allottees in connection with the exercise and conversion of these warrants.The allotment concerns equity shares with a face value of Rs. 10/- each at a premium of Rs. 80/- per share. The total aggregate amount received for these allotted securities amounts to Rs. 8,81,82,900/- across the allottees. This was completed after receiving the balance subscription amount equivalent to 75% of the warrant issue price from the Allottees.
The company initially had issued 12,60,000 convertible warrants to non-promoter members on February 27, 2025, with an issue price of Rs. 90 per warrant. At the time of allotment, 25% of the issue price was received by the company as initial subscription amount.
| Detail | Value |
|---|---|
| Total Equity Shares Allotted | 9,79,810 |
| Face Value per Share | Rs. 10/- |
| Premium Paid per Share | Rs. 80/- |
| Aggregate Amount Received | Rs. 8,81,82,900/- |
Allottee Details and Post-Allotment Holdings
The allotment was made to six allottees, including MNSSecurities Limited. The details of the allottees and their respective allotments are provided below:| Name of Allottee | Number of Warrants Converted | Number of Equity Shares Allotted | Amount Received (75% Subscription) |
|---|---|---|---|
| MNSSecurities Limited | 5,14,810 | 5,14,810 | 34,749,675 |
| Doshi Sagar Hareshkumar | 150,000 | 150,000 | 10,125,000 |
| Gaurav Singh | 150,000 | 150,000 | 10,125,000 |
| Bhavya Jain | 150,000 | 150,000 | 10,125,000 |
| Ishan Girikrishna Maniar | 5,000 | 5,000 | 337,500 |
| Surbhi Arora | 10,000 | 10,000 | 675,000 |
The post-allotment shareholding percentages for the allottees include: Doshi Sagar Hareshkumar at 1.96%, Gaurav Singh at 1.98%, and MNSSecurities Limited at 6.72%. Ishan Girikrishna Maniar's allotment resulted in a 0.06% stake, while Surbhi Arora holds 0.13%.
Conversion Timeline for Remaining Warrants
The company stated that the balance of 280,190 warrants can be converted into equity shares by allottees by August 20, 2026, which is 18 months from the original date of warrant allotment.AMBANIORGO Stock Price Movement
AMBANI ORGOCHEM LIMITED's shares settled today, holding steady at ₹134 after the post-market trading session. The stock closed without any change, reflecting stable performance in the specialty chemicals sector during the day’s trading activity.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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