Diensten Tech Limited Approves Preferential Issue of Warrants Worth Rs. 4.58 Crore
Diensten Tech Limited announced that its Board of Directors held a meeting on April 28, 2026, and approved the preferential issuance of Fully Convertible Warrants to selected promoters and public category investors. The transaction involves the issue of up to 3,98,800 Warrants, aggregating up to Rs. 4,58,62,000 for cash.Under the approved plan, each Warrant carries the right to subscribe to one Equity Share of face value of Rs. 10 only. The issuance was conducted on a preferential basis at an issue price of Rs. 115 only per Warrant. The total value of the issue is subject to the shareholders' approval.
The total number of Warrants approved for allotment is 3,98,800.
The details of the proposed allottees and the number of Warrants allotted to each category are provided below:
| S.N. | Name of the Proposed Allottee(s) | Category | No. of Warrants to be allotted (up to) |
|---|---|---|---|
| 1 | Abhishek Singhania | Promoter | 2,60,000 |
| 2 | Vipul Prakash | Promoter | 52,000 |
| 3 | Tina Prakash | Promoter Group | 52,000 |
| 4 | Sanjay Kumar Jain | Public | 12,000 |
| 5 | Manoj Kumar | Public | 4,800 |
| 6 | Anish Mahajan | Public | 2,400 |
| 7 | Sonia Vaid | Public | 2,400 |
| 8 | Siva Prasad Nanduri | Public | 2,400 |
| 9 | Bhagi Naren Kumar Sandilya | Public | 4,800 |
| 10 | Nirmit N Desai | Public | 1,200 |
| 1 | Puram Hemanth Kumar | Public | 2,400 |
| 12 | Bhanu Prakash Gulla | Public | 2,400 |
| Total | Total | Total | 3,98,800 |
The Board also approved the draft notice of the Postal Ballot for the members of the Company regarding this Preferential Issue.
Diensten Tech Limited noted that the "Trading Window" for trading in the securities of the Company, which had been closed since April 01, 2026, will remain closed.
DTL Stock Price Movement
On Tuesday, Diensten Tech Limited shares edged higher, closing at ₹115 after gaining 6.48% from the previous session's close. The equity saw a moderate day of trading volume, totaling 1,200 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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