Bizotic Commercial Ltd. Allots Equity Shares Following Conversion of Warrants
Bizotic Commercial Ltd. announced the allotment of 2,64,000 fully paid-up Equity Shares following the conversion of an equal number of convertible warrants. The decision was made at a board meeting held on April 2, 2026.The warrants were converted from Bizotic Nexus Private Limited, a company categorized as belonging to the 'Promoter and Promoter Group.' This conversion represents a portion of a larger pool of 16,02,000 convertible warrants, with 13,38,000 warrants previously converted. Each share was issued at a price of Rs. 290.00, including a premium of Rs. 280.00.
The company received Rs. 5,74,20,000 from the conversion, representing 75.00% of the issue price per warrant.
As a result of this allotment, Bizotic Commercial Ltd.'s paid-up equity share capital has increased from Rs. 9,37,80,000 (comprising 93,78,000 shares) to Rs. 9,64,20,000 (comprising 96,42,000 shares).
The newly issued shares will rank pari passu with existing Equity Shares. The company intends to apply for listing and trading of these shares on the Stock Exchange in due course.
Details of Allotment
The following table details the allotment:
| Sr. No. | Name of Allottee(s) | Category (Promoter / Non- Promoter) | No. of Convertible Warrants Held | Shares Already Converted Previously | Shares Allotted upon Conversion under Current Issue | Balance Outstanding Warrants for Conversion | 25% of Consideration Received against Allotment of Warrants (Rs.) | 75% of Consideration Received against Allotment of Equity Shares pursuant to Conversion of Warrants (Rs.) |
|---|---|---|---|---|---|---|---|---|
| 1 | Bizotic Nexus Private Limited | Promoter Group | 5,74,000 | 3,10,000 | 2,64,000 | 0 | 1,91,40,000 | 5,74,20,000 |
| Total | 5,74,000 | 3,10,000 | 2,64,000 | 0 | 1,91,40,000 | 5,74,20,000 |
Additional Information
The following table provides further details regarding the issuance of securities:
| Sr. No. | Particulars | Details | Details | Details | Details | Details | Details |
|---|---|---|---|---|---|---|---|
| 1 | Type of securities proposed to be issued | Allotment of fully paid-up Equity Shares pursuant to conversion of warrants through preferential basis. | Allotment of fully paid-up Equity Shares pursuant to conversion of warrants through preferential basis. | Allotment of fully paid-up Equity Shares pursuant to conversion of warrants through preferential basis. | Allotment of fully paid-up Equity Shares pursuant to conversion of warrants through preferential basis. | Allotment of fully paid-up Equity Shares pursuant to conversion of warrants through preferential basis. | Allotment of fully paid-up Equity Shares pursuant to conversion of warrants through preferential basis. |
| 2 | Type of issuance | Preferential allotment (on conversion of warrants into Equity Shares) in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, to allottee belonging to the 'Promoter and Promoter Group' Category. | Preferential allotment (on conversion of warrants into Equity Shares) in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, to allottee belonging to the 'Promoter and Promoter Group' Category. | Preferential allotment (on conversion of warrants into Equity Shares) in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, to allottee belonging to the 'Promoter and Promoter Group' Category. | Preferential allotment (on conversion of warrants into Equity Shares) in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, to allottee belonging to the 'Promoter and Promoter Group' Category. | Preferential allotment (on conversion of warrants into Equity Shares) in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, to allottee belonging to the 'Promoter and Promoter Group' Category. | Preferential allotment (on conversion of warrants into Equity Shares) in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, to allottee belonging to the 'Promoter and Promoter Group' Category. |
| 3 | Total number of securities proposed to be issued | Allotment of 2,64,000 Equity Shares pursuant to the conversion of 2,64,000 convertible warrants, (out of a total of 16,02,000 convertible warrants, of which 13,38,000 warrants were previously converted into Equity Shares), having a face value of Rs. 10.00/- each at an issue price of Rs. 290.00/- per share (including a premium of Rs. 280.00/- per share), upon receipt of the balance 75.00% of the issue price per warrant, in accordance with SEBI (ICDR) Regulations, 2018. | Allotment of 2,64,000 Equity Shares pursuant to the conversion of 2,64,000 convertible warrants, (out of a total of 16,02,000 convertible warrants, of which 13,38,000 warrants were previously converted into Equity Shares), having a face value of Rs. 10.00/- each at an issue price of Rs. 290.00/- per share (including a premium of Rs. 280.00/- per share), upon receipt of the balance 75.00% of the issue price per warrant, in accordance with SEBI (ICDR) Regulations, 2018. | Allotment of 2,64,000 Equity Shares pursuant to the conversion of 2,64,000 convertible warrants, (out of a total of 16,02,000 convertible warrants, of which 13,38,000 warrants were previously converted into Equity Shares), having a face value of Rs. 10.00/- each at an issue price of Rs. 290.00/- per share (including a premium of Rs. 280.00/- per share), upon receipt of the balance 75.00% of the issue price per warrant, in accordance with SEBI (ICDR) Regulations, 2018. | Allotment of 2,64,000 Equity Shares pursuant to the conversion of 2,64,000 convertible warrants, (out of a total of 16,02,000 convertible warrants, of which 13,38,000 warrants were previously converted into Equity Shares), having a face value of Rs. 10.00/- each at an issue price of Rs. 290.00/- per share (including a premium of Rs. 280.00/- per share), upon receipt of the balance 75.00% of the issue price per warrant, in accordance with SEBI (ICDR) Regulations, 2018. | Allotment of 2,64,000 Equity Shares pursuant to the conversion of 2,64,000 convertible warrants, (out of a total of 16,02,000 convertible warrants, of which 13,38,000 warrants were previously converted into Equity Shares), having a face value of Rs. 10.00/- each at an issue price of Rs. 290.00/- per share (including a premium of Rs. 280.00/- per share), upon receipt of the balance 75.00% of the issue price per warrant, in accordance with SEBI (ICDR) Regulations, 2018. | Allotment of 2,64,000 Equity Shares pursuant to the conversion of 2,64,000 convertible warrants, (out of a total of 16,02,000 convertible warrants, of which 13,38,000 warrants were previously converted into Equity Shares), having a face value of Rs. 10.00/- each at an issue price of Rs. 290.00/- per share (including a premium of Rs. 280.00/- per share), upon receipt of the balance 75.00% of the issue price per warrant, in accordance with SEBI (ICDR) Regulations, 2018. |
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