Comfort Fincap Ltd. Converts 80.5 Lakh Warrants into Equity Shares
Comfort Fincap Ltd. announced that its Board of Directors passed a resolution on April 17, 2026, approving the conversion of a significant number of share warrants into equity shares. The transaction, executed via a preferential allotment, saw the conversion of 80,50,000 share warrants into 80,50,000 equity shares, each having a face value of Rs. 02/-.The conversion process involved the exercise of the right of conversion by several persons and entities. The company reported receiving total funds amounting to Rs. 5,43,37,500/- (Rupees Five Crore Forty Three Lakh Thirty Seven Thousand and Five Hundred Only). This consideration was collected at a rate of Rs. 6.75/- (Six Rupees and Seventy-Five Paise Only) per warrant, representing the remaining 75% of the issue price per warrant.
The newly allotted equity shares rank pari-passu with the existing equity shares of the Company in all respects.
Impact on Paid-up Capital
The successful conversion substantially altered the capital structure of Comfort Fincap Ltd. The paid-up equity capital of the Company increased from Rs. 18,00,13,000. This initial capital consisted of 9,00,06,500 equity shares of Rs. 02/- each. Following the conversion, the paid-up equity capital stood at Rs. 19,61,13,000, comprised of 9,80,56,500 equity shares of Rs. 02/- each.Detailed Investor Conversion Summary
The conversion was executed through a preferential allotment, with the following investors and transaction details:| Investor Name/Proposed Allotee | Warrants Allotted as on 21.10.2024 | Shares held prior to conversion on 17.04.2026 | Warrants applied for Conversion on 17.04.2026 | Balance Paid on Warrants on 17.04.2026 | Total Amount Paid | Post Shareholding (No of Share) | Post Shareholding (% to Post Total No of Share) |
|---|---|---|---|---|---|---|---|
| Luharuka Investment& Consultants Private Limited | 2,39,00,000 | 1,74,00,000 | 65,00,000 | ₹ 4,38,75,000 | ₹ 5,85,00,000 | 2,39,00,000 | 24.37% |
| Kalpesh Nitinkumar Mehta | 9,00,000 | 3,00,025 | 6,00,000 | ₹ 40,50,000 | ₹ 54,00,000 | 9,00,025 | 0.92% |
| Darshan Mukesh Doshi | 9,00,000 | 0 | 9,00,000 | ₹ 60,75,000 | ₹ 81,00,000 | 9,00,000 | 0.92% |
| Jignesh Hansraj Gala | 1,00,000 | 15,423 | 50,000 | ₹ 3,37,500 | ₹ 4,50,000 | 65,423 | 0.07% |
| TOTAL | TOTAL | TOTAL | 80,50,000 | ₹ 5,43,37,500 | ₹ 7,24,50,000 | 2,57,65,448 |
Stock Price Movement
As of 15:25, Comfort Fincap Ltd shares are ticking up, trading at ₹7.73, marking a gain of 0.39%. The stock has shown considerable intraday movement today, fluctuating between a low of ₹7.55 and a high of ₹7.84.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.