Innomet Advanced Materials Approves Preferential Allotment of Equity Shares and Warrants

Innomet Advanced Materials Approves Preferential Allotment of Equity Shares and Warrants​

Innomet Advanced Materials Limited, formerly INNOMET ADVANCED MATERIALS PRIVATE LIMITED, announced that its Board of Directors approved two significant preferential allotment schemes for equity shares and equity share warrants. The resolutions were passed during a meeting held on July 6, 2026.

The company has plans to create and issue up to 4,50,000 equity shares of Rs. 10/- each to the non-promoter category. These shares are being offered at a price of Rs. 131.00/- per share.

In the same resolution, Innomet Advanced Materials approved the offer of up to 5,00,000 fully convertible equity share warrants to the promoter category members. These warrants were also priced at Rs. 131.00/-, which is higher than the price determined under Regulation 164 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended.

Details of Preferential Allotment​

The details for both the non-promoter equity shares issue and the promoter warrant issuance are summarized below:

Non-Promoter Equity Shares:

Promoter Equity Share Warrants:

The allotment is subject to the approval of the company's shareholders and other statutory requirements. The proposed allocation for the non-promoter category includes RNR Wealth Management Private Limited (80,000 shares) and Rich `N Rich Finance and Holdings Limited (3,70,000 shares). For the promoter warrants, the total issue covers Saritha Devi Chilakapati (2,50,000 warrants) and Chilakapati Lakshmi Kanthamma (2,50,000 warrants).

Warrant Conversion Terms and Corporate Governance​

The Equity Share Warrants offered to promoters carry specific terms. Each warrant will be convertible into or exchangeable for one fully paid up equity share of the company with a face value of Rs. 10/-. These warrants may be exercised in tranches over an 18-month period beginning from the allotment date.

The subscription involves two payments. An amount equivalent to 25% of the Warrant Issue Price must be paid upon subscription and allotment. The holder of the warrant is required to make the balance payment of 75% of the Warrant Issue Price at the time of exercising the right to subscribe to the equity shares. If a warrant is unexercised within the specified period, it shall lapse, and the amount paid by the Allottee will be forfeited.

To finalize these matters, the company will convene an Extra Ordinary General Meeting (EGM) on Wednesday, August 5, 2026, which will be conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). Mr. Malireddy Ramana Reddy, Practicing Company Secretary of P.S. Rao & Associates, has been appointed as the Scrutinizer for the ensuing EGM.

INNOMET Stock Price Movement​

As of 12:45 PM, shares of Innomet Advanced Materials Limited are edging higher to ₹145 today, gaining 1.61% in live trading. The stock currently commands a vibrant market interest, with total traded volume reported at 92,400 shares.