Apex Capital And Finance Ltd Allots 76 Lac Equity Shares Following Convertible Warrant Conversion
Apex Capital And Finance Ltd, previously known as Farmerly Apex Home Finance Limited, announced on May 11, 2026, the allotment of 76,00,000 fully paid-up Equity Shares of Rs. 10/- each. The allotment was executed upon the conversion of an equivalent number of Convertible Warrants.The Securities Committee of the Company, during its meeting held on May 11, 2026, approved the matter. This follows an initial allotment of 76,00,000 Convertible Warrants to various allottees on a preferential basis during a meeting on December 9, 2024.
The conversion of warrants into equity shares occurred subsequent to the receipt of written requests from warrant holders for exercising the option, along with confirmation of payment for the balance 75% of the Warrant Issue Price.
Financial Details of Conversion
The conversion involved multiple allottees, resulting in the total issuance of 76,00,000 Equity Shares. The detailed breakdown of the transaction is provided below:| Name of Allottees | No. of Warrants for which request is received for conversion | No. of equity shares Allotted pursuant to conversion of Warrants | Amount received (towards exercise price i.e 75% Warrant Price) In INR |
|---|---|---|---|
| Hillgrow Infoservices Pvt. Ltd. | 8,40,677 | 8,40,677 | 7,88,13,468.75 |
| Ltd. Inscence Developers Pvt. | 9,39,198 | 9,39,198 | 8,80,49,812.50 |
| Palmtree Infracon Pvt. Ltd. | 10,50,677 | 10,50,677 | 9,85,00,968.75 |
| Veteran Infradevelopers Pvt. Ltd. | 10,50,677 | 10,50,677 | 9,85,00,968.75 |
| Foster Infrastructure Pvt. Ltd. | 10,50,677 | 10,50,677 | 9,85,00,968.75 |
| Smt. Suchitra | 6,16,094 | 6,16,094 | 5,77,58,812.50 |
| Sh. Ankit Sangwan | 2,82,079 | 2,82,079 | 2,64,44,906.25 |
| Smt. Usha Solanki | 2,82,290 | 2,82,290 | 2,64,64,687.50 |
| Shamsher Singh (HUF) | 1,61,805 | 1,61,805 | 1,51,69,218.75 |
| Parveen Kumar (HUF) | 1,99,436 | 1,99,436 | 1,86,97,125.00 |
| Pawan Singh (HUF) | 1,80,390 | 1,80,390 | 1,69,11,562.50 |
| Smt. Sukhwanti Sangwan | 4,73,000 | 4,73,000 | 4,43,43,750.00 |
| Sh. Krishan Kumar Sangwan | 4,73,000 | 4,73,000 | 4,43,43,750.00 |
| Total | 76,00,000 | 76,00,000 | 71,25,00,000.00 |
With this conversion, all 76,00,000 warrants stood fully converted into Equity Shares, meaning no warrants remain outstanding.
Updated Capital Structure
The fresh allotment of shares has updated the Company’s paid-up equity share capital.| Metric | Pre-Allotment | Post Allotment |
|---|---|---|
| Number of Equity Shares | 59,19,978 | 1,35,19,978 |
| Face value per share (INR) | 10/- | 10/- |
| Paid up Capital (INR) | 5,91,99,780/- | 13,51,99,780/- |
The newly issued Equity Shares shall rank pari passu with the existing Equity Shares of the Company in all respects. Following the fresh allotment, the Company confirmed there is no change in the control of the Company.
The total amount received by the Company from the warrant holders for the balance consideration, which constitutes 75% of the Warrant Issue Price, totaled Rs. 71,25,00,000.00.
Stock Price Movement
Apex Capital And Finance Ltd shares settled at ₹45.60 on Wednesday, marking a sharp dip of 5.00%. Throughout the session, the stock struggled, trading within a range from ₹45.60 up to a high of ₹48.00.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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