Magson Retail and Distribution Limited Allots 4,40,000 Equity Shares Following Warrant Conversion
Magson Retail and Distribution Limited announced the allotment of 4,40,000 fully paid-up equity shares following the conversion of a portion of its convertible equity warrants. The allotment was approved by the Board of Directors during a meeting held on April 15, 2026.The transaction involved one warrant holder belonging to the Promoters Group, United Friends Ventures LLP. This entity exercised its option to convert 4,40,000 warrants, paying the balance 75% of the issue price for the conversion.
In the conversion, the Company allotted 4,40,000 fully paid-up equity shares, each having a face value of ₹ 10. The total balance amount received from the warrant holder was ₹ 3,07,72,500.00.
The financial details regarding the allotment to United Friends Ventures LLP are summarized below:
| Metric | Value |
|---|---|
| Warrants Converted | 4,40,000 |
| Shares Allotted | 4,40,000 |
| Issue Price per Share | ₹ 93.25 |
| Balance 75% Consideration Received | ₹ 3,07,72,500.00 |
As part of the broader warrant program, the Company previously allotted a total of 1,06,00,000 convertible equity warrants, originally with a face value of ₹ 10 each, at an issue price of ₹ 93.25 each. Out of the total warrants, 50,81,546 warrants remain outstanding for conversion. Warrant holders are entitled to convert these remaining warrants into an equal number of equity shares by paying the remaining 75% amount within 18 months from the original warrant allotment date of April 17, 2025.
The newly issued and allotted equity shares will rank pari-passu with the existing equity shares of the Company.
Consequently, the Paid-Up Equity Share Capital of Magson Retail and Distribution Limited has increased, as shown in the following table:
| Particulars | Number of Equity Shares | Amount in Indian Rupees |
|---|---|---|
| Existing Paid-up Equity Share Capital | 1,29,28,454 | 12,92,84,540 |
| Post-Allotment Paid-up Equity Share Capital | 1,33,68,454 | 13,36,84,540 |
MAGSON Stock Price Movement
Today, Magson Retail And Distribution Limited shares edged higher, closing at ₹191.10 after gaining 0.58% in post-market trading. The rally, supported by 20,000 shares traded today, saw the stock climb closer to its 52-week high of ₹199.5.Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.