Destiny Logistics & Infra Limited Converts Warrants, Boosting Equity Share Capital to ₹ 22.42 Crore
Destiny Logistics & Infra Limited (formerly Destiny Logistic Limited) has successfully converted a significant portion of its outstanding warrants into equity shares, leading to a substantial increase in its paid-up capital.The company announced that on April 13, 2026, the Board of Directors approved the conversion of 10,54,500 warrants. These warrants, convertible into an equal number of equity shares, were issued with a face value of ₹ 10 each, which included a premium of ₹ 23 each.
The conversion was executed following the allottees’ exercise of their right to convert, upon the receipt of an aggregate consideration amount of ₹ 2,60,98,875. This sum represents 75% of the issue price per warrant.
Capital Structure Details
The conversion was carried out for the allotment of 10,54,500 new equity shares. Through this transaction, all warrants belonging to the Promoter Group have been converted. Additionally, 20,67,000 warrants allocated to non-promoters (public) remain pending for conversion.The successful conversion of warrants resulted in the Company’s Issued, Subscribed, and Paid-up Equity Share Capital increasing to ₹ 22,42,30,000. This total capital consists of 2,24,23,000 fully paid-up Equity Shares, each having a face value of ₹ 10. These new shares rank pari-passu with the existing equity shares of the Company.
Transaction Summary
The conversion transaction details for the Promoter Group are summarized below:| Allottee Name | Category | Number of Equity Shares Allotted | Consideration Received (in ₹) |
|---|---|---|---|
| Jugal Kishore Bhagat | Promoter | 10,54,500 | 2,60,98,875.00 |
| Total | 10,54,500 | 2,60,98,875.00 |
The post-allotment paid-up capital of the Company now stands at ₹ 22,42,30,000, comprising:
- Existing Share Capital: 2,13,68,500 equity shares (aggregating to ₹ 21,36,85,000).
- Equity Share Capital from Conversion: 10,54,500 equity shares (aggregating to ₹ 1,05,45,000).
DESTINY Stock Price Movement
Shares of Destiny Logistics & Infra Limited are maintaining their price at ₹123.45 as of 12:14 PM today, experiencing negligible movement of 0.00% in live trading. The equity shows significant trading interest with a reported total traded volume of 46500 shares, holding firm relative to its previous close of ₹123.45.Source:
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