AVRO INDIA LIMITED Allots 1,06,090 Equity Shares Following Conversion of Convertible Warrants
AVRO INDIA LIMITED announced the allotment of 1,06,090 fully paid-up equity shares of the company. The allotment occurred following the exercise of warrants by certain Non-Promoter Warrant Holders, as approved by the company's Board of Directors on April 18, 2026.The initial warrant allotment previously involved 5,30,451 Convertible Warrants of face value of Rs. 10 each, which were issued at an aggregate issue price of Rs. 127.25 per warrant.
On April 18, 2026, the Company’s Board of Directors approved the allotment of 1,06,090 fully paid-up equity shares. This conversion materialized after several Non-Promoter Warrant Holders exercised their option on 1,06,090 warrants, thereby paying the remaining 75% of the issue price.
Allotment Details
The allotment benefited four Non-Promoter Warrant Holders. The total conversion is detailed below:| Sr. No | Name of the Allottee | Category | Total Warrants Allotted | No. of Equity Shares Allotted | Issue Price per Equity Share (Rs.) |
|---|---|---|---|---|---|
| 1. | Charuben Yogesh Ajmera | Non-Promoter | 7,859 | 7,859 | 127.25 |
| 2. | Santosh Kumar Pandey | Non-Promoter | 23,576 | 23,576 | 127.25 |
| 3. | Sunil Duggal | Non-Promoter | 58,938 | 58,938 | 127.25 |
| 4. | Suresh Zunzunwala | Non-Promoter | 15,717 | 15,717 | 127.25 |
| Total | Total | Total | 1,06,090 | 1,06,090 | - |
Impact on Paid-Up Capital
Following the allotment, the Paid-Up Equity Share Capital of AVRO INDIA LIMITED increased significantly. The details of the capital structure are as follows:| Particulars | Number of Equity Shares | Amount in Indian Rupees |
|---|---|---|
| Existing Paid-up Equity Share Capital | 1,33,11,050 | 13,31,10,500 |
| Post-Allotment Paid-up Equity Share Capital | 1,34,17,140 | 13,41,71,400 |
The newly issued equity shares shall rank pari-passu with all existing equity shares of the Company.
Lapsed Warrants
The Company also noted that 4,24,361 warrants lapsed. This was due to the failure to receive the balance payment (75%) within eighteen months from the date of the initial warrant allotment. Consequently, the 25% upfront payment received in respect of these lapsed warrants was forfeited, as per regulatory provisions.AVROIND Stock Price Movement
On Friday, AVRO INDIA LIMITED shares slipped by 1.59% to settle at ₹129.14. The stock traded on a volume of 26,135 shares, dipping to a day low of ₹128.01 during the session.Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.