Ganesh Infraworld Allots 10,49,600 Equity Shares Upon Convertible Warrant Conversion
Ganesh Infraworld Limited has announced the allotment of 10,49,600 equity shares following the conversion of fully convertible warrants. The Board of Directors approved the transaction during a meeting held on August 11, 2026.The company allotted these equity shares at an issue price of ₹90 per share, which includes a premium of ₹85 per share. This allotment was based on the conversion of 10,49,600 warrants into equity shares, following the receipt of payment equivalent to 75% of the issue price per warrant, totaling ₹7,08,48,000. The newly allotted equity shares are pari-passu with the existing equity shares of Ganesh Infraworld Limited.
The allotment involved two investors: M/s. Stellant Securities (India) Ltd. and Mr. Mahendra Lalji Gala. Details of the allotment to the allottees are provided below:
| Name of the Allottee | Category | No. of Warrants allotted | No. of Equity Shares allotted | Amount received (75% payment) (₹) |
|---|---|---|---|---|
| M/s. Stellant Securities (India) Ltd. | Non-Promoter | 20,00,000 | 10,00,000 | 6,75,00,000 |
| Mr. Mahendra Lalji Gala | Non-Promoter | 49,600 | 49,600 | 33,48,000 |
Following the conversion and allotment of equity shares, a total of 41,83,200 warrants remain pending for conversion. Warrant holders are entitled to exercise their right for converting these outstanding warrants into Equity Shares upon payment of the balance consideration.
Consequent to this allotment, changes have been made in the paid-up equity share capital of Ganesh Infraworld Limited. The company’s capital structure is detailed below:
| Particulars | Before Allotment | After Allotment |
|---|---|---|
| Paid Up Equity Share Capital | Rs. 21,36,06,985 (Comprising of 4,27,21,397 Equity Shares of ₹5/- each) | Rs. 21,88,54,985 (Comprising of 4,37,70,997 Equity Shares of ₹5/- each) |
GANESHIN Stock Price Movement
As of 12:36 PM, shares of Ganesh Infraworld Limited are shedding value in live trading, currently sinking by 2.25% to ₹115.00. The stock has traded 26,400 shares and remains within its daily range, having touched a low of ₹112.50 from the opening price.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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