Bhatia Colour Chem Ltd Converts Warrants Into Shares, Boosting Capital by Over 14 Crores
Bhatia Colour Chem Ltd has completed the conversion of a portion of its warrants into equity shares following approval by its Board of Directors. The company confirmed that 198,400 warrants were converted into an equal number of equity shares, resulting in a significant increase to the issued and paid-up capital.The Board meeting held on July 2, 2026, approved the allotment of new equity shares upon the conversion of the warrants. The newly allotted equity shares were valued at a face value of Rs. 10/- each and were issued at an issue price of Rs. 134 per share, which included a premium of Rs. 124 per share.
The allottees in the Promoter Group remitted a balance amount aggregating to Rs. 1,99,39,200/- for the conversion. This payment was made at a rate of Rs. 100.50 per warrant (representing 75% of the issue price).
The warrants were allotted in January 2025 to the Promoter Group and Identified Non-Promoter Person Public Category on a preferential basis. The transaction details involving the allottees are provided below:
| Allottee Name | No of Warrants Applied for Conversion | No of Equity Shares Allotted | Amount Received (75% of issue price) | No of Warrants Pending for Conversion |
|---|---|---|---|---|
| Dhawal Rameshchandra Bhatia | 49,600 | 49,600 | 49,84,800 | 73,600 |
| Sonal Bharat Bhatia | 49,600 | 49,600 | 49,84,800 | 73,600 |
| Madhu Brijlal Bhatia | 49,600 | 49,600 | 49,84,800 | 73,600 |
| Reena Rameshchand Bhatia | 49,600 | 49,600 | 49,84,800 | 73,600 |
| Total | 1,98,400 | 1,98,400 | 1,99,39,200 | 2,94,400 |
The conversion of warrants into equity shares was completed at an issue price of Rs. 134 each (including a premium of Rs. 124 per share).
Following the allotment of these new securities, Bhatia Colour Chem Ltd's issued and paid-up capital has been increased to Rs. 14,33,77,470/-, comprising 1,43,37,747 equity shares of Rs. 10/- each. The newly allotted equity shares hold a pari-passu rank with the existing share capital.
The company noted that 22,96,003 warrants remain outstanding for conversion. Warrant holders were required to exercise the option for conversion by paying the balance 75% of the issue price (Rs. 100.50 per warrant) within 18 months from the date of warrant allotment. As the last date for exercising this conversion option has expired, any unexercised warrants for which the balance consideration was not received will be subject to forfeiture according to the terms of issue.
Stock Price Movement
Bhatia Colour Chem Ltd. settled at ₹43.24 today after shares slipped by 2.55%. The equity experienced movement throughout the day, ranging between a low of ₹42.16 and an intraday high of ₹45.00.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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