Borosil Renewables Allots 94,338 Shares Following Conversion of Warrants
BOROSIL RENEWABLES LIMITED announced on May 08, 2026, the allotment of 94,338 fully paid-up equity shares to warrant holders. This allotment was approved following the conversion of warrants that had been previously allotted on a preferential basis.The company had earlier informed stakeholders about the allotment of 78,80,436 Warrants. Each warrant was convertible into or exchangeable for one fully paid up equity share of Re. 1/- each, with an initial issue price set at Rs. 530. This conversion opportunity was valid for a period of 18 months and was offered to persons belonging to the non-promoter category.
Warrant holders had initially paid 25% of the issue price (Rs. 132.50 per warrant) at the time of the initial allotment. The remaining balance of 75% (Rs. 397.50 per warrant) was payable at the time of applying for conversion into equity shares.
The company approved the allotment of 94,338 equity shares, fully paid-up, to those warrant holders who applied for the conversion. With this action, the paid-up equity share capital of the company increased to Rs. 14,02,83,183, comprising 14,02,83,183 equity shares of face value Re. 1/each. These newly allotted shares rank pari-passu with the existing equity shares of the company.
The details of the equity shares allotted through the conversion of warrants are as follows:
| Allottee Name | Warrants Converted | Equity Shares Allotted |
|---|---|---|
| Brescon Ventures Private Limited | 66,037 | 66,037 |
| Trinity Credit Management Services LLP | 28,301 | 28,301 |
| Total | 94,338 | 94,338 |
BORORENEW Stock Price Movement
Shares of BOROSIL RENEWABLES LIMITED are edging higher to ₹567.05 as of 1:11 PM today, gaining 0.27% or ₹1.50 in live trading. The equity shows robust market interest, trading on a high volume of 627,180 shares.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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