Durlax Top Surface Limited Allots Over 1 Crore Warrants at Rs 47.50 per Warrant
Durlax Top Surface Limited has announced the allotment of fully convertible warrants, following approval by its Board of Directors. The company allocated a total of 1,03,15,790 Fully Convertible Warrants (Warrants) to various allottees for cash consideration.The allotment was made subsequent to shareholder approval on May 12, 2026, and in-principle approval granted by the National Stock Exchange of India Limited (NSE) on June 12, 2026.
Details regarding the securities issue were confirmed during the Board meeting held on Friday, June 26, 2026. The Warrants have a Face Value of Rs. 10/- per unit and were issued at an issue price of Rs. 47.50/per warrant. This represents a premium of Rs. 37.50 per warrant over the face value.
The total consideration collected for the allotment stands at Rs. 49,00,00,025/- across all issued Warrants. The allocation includes both Promoter and Non-Promoter categories.
A detailed breakdown of the recipients, their category, number of Warrants allotted, and the corresponding Consideration Received is provided below:
| Name of the Allottee | Category | No. of Warrants allotted | Consideration Received (25% of Total Consideration) (in Rs.) |
|---|---|---|---|
| Shravan Laxmichand Suthar | Promoter | 50,00,000 | 5,93,75,000 |
| Lalit Laxmichand Suthar | Promoter | 31,26,896 | 3,71,31,890 |
| Pankaj Laxmichand Suthar | Promoter Group | 5,52,364 | 65,59,323 |
| Laxmichand Ladhaji Suthar | Promoter Group | 5,10,740 | 60,65,038 |
| Himanshu Bala | Non-Promoter | 2,90,000 | 34,43,750 |
| Manan Chamaria | Non-Promoter | 2,90,000 | 34,43,750 |
| Mantosh Kumar | Non-Promoter | 15,000 | 1,78,125 |
| Rajesh Chokhani | Non-Promoter | 15,000 | 1,78,125 |
| Charmi Shah | Non-Promoter | 40,000 | 4,75,000 |
| Sunita Agnelo Dmello | Non-Promoter | 40,000 | 4,75,000 |
| Abish Saji | Non-Promoter | 40,000 | 4,75,000 |
| Anand Chamaria HUF | Non-Promoter | 3,95,790 | 47,00,006 |
The company's Board of Directors approved the Circular Resolution concerning this preferential issue.
DURLAX Stock Price Movement
Durlax Top Surface Limited shares slipped on Thursday after closing at ₹47.0, marking a 3.69% decline from the previous close. The equity saw activity of 116,000 shares throughout the trading session.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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