Ishan Dyes and Chemicals Limited Allots Equity Shares Following Warrant Conversion
Ishan Dyes and Chemicals Limited announced the allotment of 7,40,700 fully paid-up equity shares on Saturday, March 28, 2026, following the exercise of convertible warrants. The allotment was approved by the company’s board of directors at a meeting held on the same date.The shares were issued to warrant holders at an issue price of ₹ 63 per share. Piyushbhai Natvarlal Patel, a promoter, converted 22,92,436 warrants, resulting in the allotment of 7,40,700 equity shares.
The total balance outstanding warrants for conversion currently stand at 34,20,892. Warrant holders have 18 months, from the warrant allotment date of September 20, 2025, to convert the remaining warrants.
The paid-up equity share capital of the company has increased from 2,65,63,697 shares with an amount of ₹ 26,56,36,970 to 2,73,04,397 shares with an amount of ₹ 27,30,43,970.
Details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 were included in an annexure. The company's website, www.ishandyes.com, will also host this information.
Table A: Details of Warrant Conversion
| Sr. No | Name of the Allottee(s) | Category | Number of Warrants Allotted in total | No. of Equity Shares Allotted against Conversion of Warrants | Issue Price per Equity Share (In INR) | Balance 75% of the issue price received. (In INR) | Balance Outstanding Warrants for conversion |
|---|---|---|---|---|---|---|---|
| 1. | Piyushbhai Natvarlal Patel | Promoter | 22,92,436 | 7,40,700 | 63/- | 3,49,98,075 | 15,51,736 |
| Total | Total | Total | 22,92,436 | 7,40,700 | 63/- | 3,49,98,075 | 15,51,736 |
Table: Post-Allotment Equity Share Capital
| Particulars | Number of Equity Shares | Amount (In Indian Rupees) |
|---|---|---|
| Existing Paid-up Equity Share Capital | 2,65,63,697 | 26,56,36,970 |
| Post- Allotment Paid-up Equity Share Capital | 2,73,04,397 | 27,30,43,970 |
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.
Last edited by a moderator: