Madhusudan Masala Limited Allots 895,000 Equity Shares Following Warrant Conversion; Total Proceeds Amount To Rs. 12,14,96,250
Madhusudan Masala Limited announced that its Board of Directors allotted 895,000 equity shares subsequent to the conversion and exchange of warrants held by several investors. This transaction increased the company's paid-up capital to Rs. 16,13,50,000.The allotment followed an initial issuance of a total of 17,45,000 Fully Convertible Warrants. These warrants were issued at a warrant issue price of Rs. 181/- per warrant (including the subscription and exercise price). The initial tranche saw investors pay 25% of the issue price, while the balance of 75% was payable upon the exercise of the option to convert into equity shares with a face value of Rs. 10/- each.
The Board meeting held on June 13, 2026, determined the conversion and allotment details, resulting in the issuance of 895,000 Equity Shares against an equal number of warrants from various shareholders. The proceeds received for these shares were aggregated at Rs. 12,14,96,250/-.
Key details of the warrant holders and the conversion are presented below:
| Sr. No. | Name of Warrant Holders | Total Warrants Held | Warrants Applied For Conversion | Equity Shares Allotted | Amount Received (75% of issue price) |
|---|---|---|---|---|---|
| 1. | Rishit Dayalaji Kotecha | 800,000 | 385,000 | 385,000 | 5,22,63,750 |
| 2. | Hiren Kotecha | 798,000 | 388,000 | 388,000 | 5,26,71,000 |
| 3. | Gitaben Ketanbhai Khandhediya | 61,000 | 61,000 | 61,000 | 82,80,750 |
| 4. | Dipakbhai B Khandhediya | 61,000 | 61,000 | 61,000 | 82,80,750 |
| Total | Total | 17,20,000 | 895,000 | 895,000 | 12,14,96,250 |
Following the allotment of these new equity shares, Madhusudan Masala Limited’s issued, subscribed, and paid-up equity share capital increased to Rs. 16,13,50,000, comprising a total of 16,13,5000 equity shares of face value Rs. 10/- each. The newly allotted equity shares rank pari passu with the existing equity shares of the company.
MADHUSUDAN Stock Price Movement
Shares of Madhusudan Masala Limited slipped by 3.27% on Friday as the equity settled at ₹145.05 following a marginal loss of ₹4.90. The stock saw activity with a traded volume of 7,000 shares during the session.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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