Kilburn Engineering Ltd Allots 2 Lakh Equity Shares to Firstview Trading Private Limited via Warrant Conversion
Kilburn Engineering Ltd has completed the preferential allotment of 2,00,000 Equity Shares to M/s. Firstview Trading Private Limited, a Promoter Category Allottee. The allotment resulted from the conversion of warrants previously issued to the allottee.The Company’s Share Allotment Committee approved the allotment of 2,00,000 Equity Shares, each having a face value of Rs. 10/-. This transaction utilized warrants that were originally allotted on a preferential basis.
Transaction Details
M/s. Firstview Trading Private Limited initially received 10,00,000 warrants on November 16, 2024. The conversion process involved utilizing 2,00,000 warrants, two lakh shares being allotted upon the conversion of the aforementioned warrants.The details of the warrant allotment and conversion are presented below:
| Name of Allottee | Date of Allotment of Warrants | Total Warrants Allotted | Warrants Converted on April 17, 2026 | Issue Price per Warrant (Rs.) |
|---|---|---|---|---|
| M/s. Firstview Trading Private | 16/11/2024 | 10,00,000 | 2,00,000 | 425 |
Financial Consideration
The total transaction involved two phases of consideration from the allottee.Initially, an amount equivalent to 25% of the issue price, amounting to Rs. 106.25 per warrant, was paid upfront at the time of the warrant allotment.
For the conversion of the 2,00,000 warrants into equity shares, the remaining 75% of the issue price, totaling Rs. 318.75 per warrant, was received by the Company. This receipt funded the conversion of the 2,00,000 warrants into 2,00,000 Equity Shares allotted to the respective allottee.
Impact on Capital Structure
Following the preferential allotment, the paid-up equity share capital of Kilburn Engineering Ltd increased.The company's capital structure details are as follows:
| Metric | Before Allotment | After Allotment |
|---|---|---|
| Paid-up Equity Share Capital | Rs. 52,96,28,580/- | Rs. 53,16,28,580/- |
| Total Equity Shares | 5,29,62,858 | 5,31,62,858 |
| Face Value per Share | Rs. 10/- | Rs. 10/- |
The newly allotted equity shares rank pari passu with the Company's existing equity shares.
Stock Price Movement
Kilburn Engineering Ltd shares settled at ₹517.50 today, marking a gain of 3.88% as trade closed on Friday. The shares spent the day navigating a significant intraday range, moving between a low of ₹492.05 and a high of ₹518.00.Source:
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