Atmastco Approves Preferential Allotment of Equity Shares and Convertible Warrants
Atmastco Limited, during a Board of Directors Meeting held on June 24, 2026, approved the preferential allotment of equity shares and convertible warrants. The allotments were made to Promoter and Non-Promoter categories under resolutions passed at an Extra Ordinary General Meeting (EGM) held earlier in June 2026.The Board considered and approved the allocation of 14,23,600 Equity Shares at a price of ₹ 152 per share, including a premium of Rs. 142. The total subscription amount for this tranche amounted to Rs. 21,63,87,200/- (Rupees Twenty-One Crores Sixty-Three Lakhs Eighty-Seven Thousand Two Hundred Only).
The equity shares were allotted to 16 non-promoter/public allottees. Details of the allotment are provided below:
| S. No. | Allottee Name | Category | Equity Shares Allotted |
|---|---|---|---|
| 1 | Raasha Fincap Private Limited | Non-Promoter/Public | 3,50,000 |
| 2 | Samir Arvind Thakker | Non-Promoter/Public | 1,00,000 |
| 3 | Belgrave Investment Fund | Non-Promoter/Public | 2,00,000 |
| 4 | Shalu Aggarwal | Non-Promoter/Public | 2,00,000 |
| 5 | Pankaj Jawaharlal Razdan | Non-Promoter/Public | 1,34,500 |
| 6 | Rakesh Shantilal Sanghavi HUF | Non-Promoter/Public | 65,600 |
| 7 | Business Match Services (India) Private Limited | Non-Promoter/Public | 33,000 |
| 8 | Yash Dedhia | Non-Promoter/Public | 66,000 |
| 9 | Alok Rajesh Nanavaty | Non-Promoter/Public | 66,000 |
| 10 | Anurag Nigam | Non-Promoter/Public | 33,000 |
| 11 | Nageshwarrao Srikrishna Duvvuri | Non-Promoter/Public | 33,000 |
| 12 | Darshana Saumin Shah | Non-Promoter/Public | 33,000 |
| 13 | Meghna H Mehta | Non-Promoter/Public | 33,000 |
| 14 | Upsurge Investment and Finance Limited | Non-Promoter/Public | 16,500 |
| 15 | Dhaval N Kothari HUF | Non-Promoter/Public | 30,000 |
| 16 | Malap Dhaval Kothari | Non-Promoter/Public | 30,000 |
In addition to the equity shares allotment, the Board approved the allocation of 22,50,000 Convertible Equity Warrants to a mix of Promoter and Non-Promoter/Public allottees. The warrantees carry the right for their holder(s) to subscribe to one Equity Share against each Warrant at an issue price of Rs. 152/- (including a premium of Rs. 142).
The total subscription amount received from the allottees was designated as 25% of the warrant issue price, amounting to Rs. 8,55,00,000/-. The remaining 75% of the payment is due upon the exercise of the conversion option within a period not exceeding eighteen months from the date of allotment.
Key details regarding the convertible warrants are summarized below:
| S. No. | Allottee Name | Category | Number of Warrants Allotted |
|---|---|---|---|
| 1 | Subramaniam Swaminathan Iyer | Promoter | 18,00,000 |
| 2 | Jinisha Dhaval Kothari | Non-Promoter/Public | 2,00,000 |
| 3 | Pratik Rajnikant Shah (HUF) | Non-Promoter/Public | 2,00,000 |
| 4 | Kanhav Advisory Private Limited | Non-Promoter/Public | 50,000 |
The company confirmed that fully paid-up equity shares of face value Rs. 10/- each will be allotted upon the receipt of the balance payment for the warrants. The last and final date for the conversion of these warrants is December 24, 2027, which represents the eighteen-month period from the allotment date.
Post Allotment Financial Structure
The successful completion of the allotments impacts the company's capital structure:
| Particulars | Figure/Detail |
|---|---|
| Existing Paid-up Equity Share Capital | 2,47,34,690 shares; Amount: Rs. 24,73,46,900/- |
| Post-Allotment Paid-up Equity Share Capital (considering conversion of warrants) | 2,84,08,290 shares; Amount: Rs. 28,40,82,900/- |
The Board meeting commenced at 6:00 P.M. and concluded at 7:30 P.M.
ATMASTCO Stock Price Movement
Shares of Atmastco Limited today slipped by 0.96% to close at ₹174.05 after settling in negative territory during post-market trading. The equity saw a volume of 31,600 shares traded for the day as it moved downward.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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