De Neers Tools Limited Allots 7.7 Lakh Equity Shares Post Convertible Warrant Conversion
De Neers Tools Limited has approved the allotment of 7,70,000 equity shares following the conversion of convertible warrants belonging to its promoters. The company announced this transaction on July 23, 2026, confirming the fully paid-up issuance at a significant premium.The Board of Directors considered and approved the allotting of these equity shares to promoter category allottees. These shares have a face value of Rs. 10/- each and were issued at an issue price of Rs. 154/- per equity share, incorporating a premium of Rs. 144/- per equity share.
The allotment was made to two promoters: Neeraj Kumar Aggarwal and Shilpy Aggarwal. The allotment details are as follows:
| Allottee Name | Category | Shares Allotted |
|---|---|---|
| Neeraj Kumar Aggarwal | Promoter | 3,00,000 |
| Shilpy Aggarwal | Promoter | 4,70,000 |
| Total | 7,70,000 |
Following the allotment and conversion of warrants, De Neers Tools Limited has updated its share capital status. The post-issue paid up share capital stands at 96,16,400 equity shares of Rs. 10/- each, aggregating to Rs. 9,61,64,000/-.
The company also provided details regarding the unexercised warrants remaining after this conversion event. The total number of unexercised warrants currently stands at 9,10,000, distributed among the two promoter allottees:
| Allottee Name | Category | Unexercised Warrants Remaining |
|---|---|---|
| Neeraj Kumar Aggarwal | Promoter | 3,00,000 |
| Shilpy Aggarwal | Promoter | 6,10,000 |
DENEERS Stock Price Movement
Shares of De Neers Tools Limited slipped by 2.21% to settle at ₹183.95 today. The equity traded within an intraday range of ₹183.10 to ₹192.00, with a total volume of 20,400 shares recorded.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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