Aviva Industries Ltd Approves Allotment of Equity Shares Following Warrant Conversion
Aviva Industries Ltd announced on April 7, 2026, that its Board of Directors considered and approved the allotment of 15,95,000 Equity Shares. This action was pursuant to the conversion of 15,95,000 Fully Convertible Equity Warrants.The allotment relates to warrants originally issued on January 7, 2026. These 15,95,000 Fully Convertible Equity Warrants were allotted to Mr. Chavdhari Navinbhai Rameshbhai on a preferential basis to an individual classified under the Non-Promoter category. The original issue price for these warrants was INR 28 per Warrant.
The detailed allotment structure is as follows:
| Sr. No | Name of the Allottee | Category | No. of Equity Shares allotted pursuant to Conversion of Warrants |
|---|---|---|---|
| 1 | Chavdhari Navinbhai Rameshbhai | Non-Promoter | 15,95,000 |
This conversion resulted in an increase in the paid-up equity share capital of the Company. The paid-up equity share capital rose from INR 30,90,40,000/- divided into 3,09,04,000 Equity Shares of face value of INR 10/- each to INR 32,49,90,000/- divided into 3,24,99,000 Equity Shares of face value of INR 10/- each.
Stock Price Movement
At the close of trade on Tuesday, Aviva Industries Ltd settled at ₹60.26, marking a gain of 2.00% for the day. Throughout the session, the shares traded completely flat, remaining locked at the ₹60.26 level.Source:
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