Kontor Space Limited Allots 7,15,000 Convertible Warrants to Promoter in Preferential Allotment
Kontor Space Limited has completed the preferential allotment of 7,15,000 Fully Convertible Warrants. The transaction was approved by the Board of Directors and relates to a private placement initiated following a resolution passed at an Extra Ordinary General Meeting on July 10, 2026.The allotment involves issuing warrants at an issue price of ₹ 75/- each, aggregating to a total consideration of ₹ 5,36,25,000. These warrants are convertible into Equity Shares of the company, which hold a face value of ₹ 10/- each and carry a premium of ₹ 65/- per share. The issuance was made on a preferential basis to a Promoter.
In relation to the allotment of these securities, the company has received a subscription payment amounting to ₹ 1,34,06,250 against the 7,15,000 Convertible Warrants.
Transaction Details and Conversion Terms
The issuance was executed as a preferential allotment on a private placement basis. The warrants entitlement holders are given options to subscribe to up to 5,00,000 Equity Shares of Kontor Space Limited.Key details concerning the convertible warrants include:
| Particulars | Detail |
|---|---|
| Type of Securities Issued | Convertible Warrants |
| Total Warrants Allotted | 7,15,000 |
| Issue Price per Warrant | ₹ 75/- |
| Total Consideration for Warrants | ₹ 5,36,25,000 |
| Subscription Amount Received | ₹ 1,34,06,250 |
| Conversion Ratio | 1 Warrant : 1 Equity Share (Face Value: ₹ 10/-) |
| Allotment Date | July 29, 2026 |
Promoter Stake and Tenor of Warrants
The allotment was made to a single investor, the Promoter. The subscription price per warrant is detailed as Rs. 18.75/-, with the warrants conferring the option to subscribe to Equity Shares at an exercise price of Rs. 56.25/-.The conversion mechanism allows each warrant holder to convert into one equity share of ₹ 10/- at a premium of ₹ 65/- per equity share, which is fully paid up. The investment period for the warrants spans eighteen months from the date of allotment (July 29th, 2026).
The last and final date for the conversion of warrants is set as January 29th, 2028. Any outstanding warrants that remain unconverted by this deadline will lapse on January 23rd, 2028.
Promoter Shareholding Update
Details regarding the specific allottee, Kanak Mangal, and the resulting changes in shareholding are as follows:| Allottee Name | Category | Warrants Allotted | Pre-Issue Shareholding | Post-Issue Shareholding |
|---|---|---|---|---|
| Kanak Mangal | Promoter | 7,15,000 | 65.02% | 64.01% |
KONTOR Stock Price Movement
Shares of Kontor Space Limited on Wednesday settled flat, concluding the trading period at ₹58.05. The equity closed exactly where it started, registering a zero percentage move for the day.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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