Committed Cargo Care Completes Warrant Conversion, Allots 41 Lakh Equity Shares
Committed Cargo Care Limited announced on August 10, 2026, that its Fund-Raising Committee approved and completed the allotment of equity shares consequent to the conversion of warrants. This transaction resulted in an increase in the company’s issued and paid-up capital.The decision formalized the allocation of 41,09,160 equity shares, each having a face value of Rs. 10/- and being offered at an issue price of Rs. 81/-, including a premium of Rs. 71/- per share. This allotment was made to various warrant holders belonging to the Promoter/Promoter Group and Non-Promoters/Public Category on a preferential basis.
The funds generated from this conversion amounted to Rs. 24,96,31,470/- (Rupees Twenty-Four Crore Ninety Six Lakhs Thirty One Thousand Four Hundred and Seventy Only). The transaction required the receipt of the balance amount aggregating to Rs. 24,96,31,470/-, which was settled at a rate of Rs. 60.75 per warrant (representing 75% of the issue price).
Key Details of Warrant Allotment and Conversion
The following table details the specifics of the allotment to key investors during this conversion phase:
| Name of Allottee | No. of Warrants Applied For Conversion | No. of Equity Shares Allotted | Amount Received (75% of Issue Price) |
|---|---|---|---|
| Century India Opportunity Fund PC | 69,160 | 69,160 | 42,01,470 |
| Nidhi Jain | 5,00,000 | 5,00,000 | 3,03,75,000 |
| Neeraj Jain | 5,00,000 | 5,00,000 | 3,03,75,000 |
| Ajaiya Mehrotra | 50,000 | 50,000 | 30,37,500 |
| Amatya Business Consulting Private Limited | 60,000 | 60,000 | 36,45,000 |
| Nitin Bharal HUF | 1,45,000 | 1,45,000 | 88,08,750 |
| Dakshteleco India Services Private Limited | 1,45,000 | 1,45,000 | 88,08,750 |
| Nitin Bharal | 1,45,000 | 1,45,000 | 88,08,750 |
| Dakshesh Bharal | 1,45,000 | 1,45,000 | 88,08,750 |
| Urshita Bharal | 1,45,000 | 1,45,000 | 88,08,750 |
| Rajeev Sharma | 4,83,333 | 4,83,333 | 2,93,62,479.75 |
| Manju Sharma | 2,41,667 | 2,41,667 | 1,46,81,270.25 |
| Narendra Singh Bisht | 3,62,500 | 3,62,500 | 2,20,21,875 |
| Neeru Bisht | 3,62,500 | 3,62,500 | 2,20,21,875 |
| Sapna Arora | 3,62,500 | 3,62,500 | 2,20,21,875 |
| Yash Pal Arora | 3,62,500 | 3,62,500 | 2,20,21,875 |
| TOTAL | 41,09,160 | 41,09,160 | 24,96,31,470 |
The conversion of these warrants has brought the issued and paid-up capital of Committed Cargo Care Limited to Rs. 16,30,96,000/-, consisting of 1,63,09,600 equity shares of Rs. 10/- each.
Following this transaction, all 55,00,000 warrants that were originally allotted on February 11, 2025, have now been fully converted into an equal number of Equity Shares, meaning no warrants remain outstanding or pending for conversion. The newly allotted equity shares rank pari-passu with the existing equity shares of the company.
COMMITTED Stock Price Movement
Shares of Committed Cargo Care Limited today slipped by 1.06%, settling at ₹346 after trading post-market following a loss of ₹3.70. The stock closed amid volatility, with the trade volume reaching 10,400 shares, and noted for having previously achieved a yearly high of ₹350.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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