Kontor Space Limited Allots 5 Lakh Convertible Warrants in Preferential Allotment
Kontor Space Limited has approved and executed the preferential allotment of 5,00,000 Fully Convertible Warrants (Warrants) to a non-promoter investor. This strategic move is set against the backdrop of the company's commitment to growth financing through convertible instruments.The Board of Directors, during its meeting on July 23, 2026, considered and approved the allotment of 5,00,000 Warrants at an issue price of ₹ 75/- each. The total consideration for these warrants is calculated to be ₹ 3,75,00,000.
These Warrants are convertible into Equity Shares of face value ₹ 10/- per share and were issued with a premium of ₹ 65/- per share. The allotment was carried out in compliance with prior approvals obtained from the National Stock Exchange of India Limited (NSE).
Key Details of Warrant Allotment
The Warrants are convertible into Equity Shares, allowing investors to participate in the company's future growth. Each Warrant is set to be converted into one Equity Share. The conversion mechanism includes a specific timeframe and terms for exercising the option.| Parameter | Detail |
|---|---|
| Type of Securities Issued | Fully Convertible Warrants |
| Total Warrants Allotted | 5,00,000 |
| Issue Price per Warrant | ₹ 75/- |
| Total Consideration for Warrants | ₹ 3,75,00,000 |
| Conversion Ratio | 1 Warrant : 1 Equity Share |
| Equity Share Face Value | ₹ 10/- |
| Premium on Conversion | ₹ 65/- |
Financial and Conversion Terms
The company has received an initial payment of ₹ 93,75,000 towards the subscription of these Warrants. This amount represents 25% of the total issue price towards the warrants.Investor details show that M/S Trisha Venture LLP is the allottee, categorized as a Non-Promoter, who subscribed to all 5,00,000 Warrants. Following this preferential allotment, the Post-Issue Shareholding for M/S Trisha Venture LLP is recorded at 5.45%.
The conversion of these Warrants can be exercised by the holder within a period of 18 months from the date of allotment (July 23, 2026). The last and final date for the conversion of warrants is January 23, 2028. To execute the full conversion, investors must make the remaining payment, which accounts for 75% of the total issue price.
Allottee Details
The following details summarize the allotment to the single investor:| Investor Name | Category | Warrants Allotted | Post-Issue Shareholding |
|---|---|---|---|
| M/S Trisha Venture LLP | Non-Promoter | 5,00,000 | 5.45% |
KONTOR Stock Price Movement
Kontor Space Limited shares today slipped by 2.60% to settle at ₹58.05, falling from the previous close of ₹59.6. The stock spent the trading session within a tight range, having traded 3,000 shares and hitting an intraday low of ₹58.05.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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