Magson Retail And Distribution Limited Allots 3,90,490 Equity Shares Against Warrants Conversion
Magson Retail And Distribution Limited has approved the allotment of 3,90,490 Fully Paid-up Equity Shares following the exercise of Convertible Equity Warrants by select non-promoters. This allotment was finalized on July 28, 2026, upon receipt of the balance payment required from the warrant holders.The shares were allotted with a face value of ₹ 10/- each and an issue price of ₹ 93.25/- per share. The transaction involved the conversion of warrants held by non-promoter entities, as detailed in Table A.
As recorded in the details provided for this allotment:
| Category | Total Warrants Allotted (to the converted parties) | Equity Shares Allotted against Conversion | Issue Price per Equity Share (INR) | Balance 75% Received (INR) |
|---|---|---|---|---|
| Total | 13,19,900 | 3,90,490 | 93.25 | 2,73,09,894.38 |
The allotment followed the initial issuance of Convertible Equity Warrants, which were originally allotted on April 17, 2025, to a total of 1,06,00,000 warrants. The exercise successfully converted 3,90,490 of these warrants into equity shares after non-promoters paid the balance 75% of the issue price.
The company has noted that there are still outstanding warrants available for conversion. A total of 42,62,106 warrants remain unconverted. Warrant holders who hold these remaining warrants are entitled to convert them into an equal number of Equity Shares by paying the balance 75% amount within 18 months from the date of warrant allotment (April 17, 2025).
The newly issued and allotted Equity Shares will rank pari-passu with the existing shares of the company.
Paid-Up Capital Post Allotment
The issuance leads to an increase in the company's Paid-Up Equity Share Capital. The financial status concerning equity capital is summarized below:| Particulars | Number of Equity Shares | Amount in Indian Rupees |
|---|---|---|
| Existing Paid-up Equity Share Capital | 1,37,97,404 | 13,79,74,040 |
| Post-Allotment Paid-up Equity Share Capital | 1,41,87,894 | 14,18,78,940 |
The company confirmed that the application for listing and trading approval of the Stock Exchange for these newly issued and allotted Equity Shares will be processed in due course.
MAGSON Stock Price Movement
Magson Retail And Distribution Limited shares today slipped by 1.1% to settle at ₹180, as traders reviewed the company’s performance after market close. The stock saw a daily trading volume of 120,000 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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