Five-Star Business Finance Limited Converts Share Warrants to Equity Shares
Five-Star Business Finance Limited announced the conversion of 310,000 share warrants into an equivalent number of equity shares on March 24, 2026. The conversion was executed at a warrant price of INR 770.00 per share, comprising a face value of INR 1.00 and a premium of INR 769.00.The Board of Directors approved the allotment of the 310,000 equity shares through a circular resolution on March 23, 2026.
The individuals participating in the conversion are:
| Name & Designation | No. of equity shares pursuant | Issue price (in INR) | Upfront consideration paid at the time of allotment of warrants (in INR)* | Balance Consideration paid at the time of conversion (in INR) # | Total consideration paid by allottees (in INR) |
|---|---|---|---|---|---|
| Lakshmipathy Deenadayalan, Promoter, Chairman& Managing Director | 2,60,000 | 770 | 192.50 | 577.50 | 20,02,00,000 |
| Srikanth Gopalakrishnan, Joint Managing Director &CFO | 50,000 | 770 | 192.50 | 577.50 | 3,85,00,000 |
Following the conversion, the paid-up share capital of the company increased from INR 29,45,66,168 to INR 29,48,76,168. The increase consists of 29,45,66,168 equity shares to 29,48,76,168 equity shares, each with a face value of INR 1.00.
The newly allotted shares are subject to lock-in requirements as per applicable regulations. The shares will be credited to the allottees' demat accounts upon receiving the necessary approvals from the National Stock Exchange and the BSE Limited.
The conversion of the warrants, which were issued on a preferential basis and valid until April 24, 2026, resulted in a promoter group holding increasing from 18.41% to 18.48% on a fully diluted basis.
A detailed disclosure related to the event is available on the company’s website at https://fivestargroup.in/investors/.
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.