Karnika Industries Allots 39,66,860 Convertible Warrants at ₹121 Per Warrant
Karnika Industries Limited has announced the preferential allotment of 39,66,860 Convertible Warrants following its Board meeting held on June 18, 2026. The warrants were allotted to a mix of Promoters and Non-Promoters upon receipt of the warrant subscription amount equivalent to 25% of the warrant issue price from eligible allottees.The allotment was completed at a face value of ₹ 10/- each and an issue price of ₹ 121/- per warrant, which includes a premium of ₹ 111/-. The warrants are convertible into one fully paid-up Equity Share of the company.
Karnika Industries Limited structured the allotment across multiple allottees, with varying quantities allocated to different Promoter entities and one Non-Promoter entity.
The distribution details for the 39,66,860 Convertible Warrants are summarized below:
| Allottee Name / Entity | Category | Number of Warrants Allotted |
|---|---|---|
| Niranjan Mundhra | Promoter | 247,930 |
| Shiv Shankar Mundhra | Promoter | 247,930 |
| Mahesh Kumar Mundhra | Promoter | 247,930 |
| Jagdish Prasad Mundhra | Promoter | 661,150 |
| Saroj Devi Mundhra | Promoter | 330,570 |
| Poonam Mundhra | Promoter | 330,570 |
| Priyanka Mundhra | Promoter | 330,570 |
| Kirti Mundhra | Promoter | 330,570 |
| Krishan Kumar Karnani | Promoter | 82,640 |
| Jagdish Prasad Mundhra HUF | Promoter | 247,930 |
| Niranjan Mundhra HUF | Promoter | 247,930 |
| Shiv Shankar Mundhra HUF | Promoter | 247,930 |
| Mahesh Kumar Mundhra HUF | Promoter | 247,930 |
| Bhagwan Nath Sidh | Non-Promoter | 165,280 |
The company clarified that the tenure of these warrants is set for a maximum period of 18 months from the date of allotment. Warrant holders are entitled to exercise their options by paying the remaining 75% of the warrant issue price corresponding to the proposed conversion.
In case a warrant holder does not exercise the conversion option within this 18-month window, the unexercised warrants will lapse, and the amount paid thereon will stand forfeited by Karnika Industries Limited.
KARNIKA Stock Price Movement
Karnika Industries Limited shed 0.48% in today's trading session, with shares settling at ₹135.5 after a decline of ₹0.65 from previous close. The stock saw movement through its day, finishing amid volume totaling 3,000 shares and having previously dipped as low as ₹132.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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