Manoj Ceramic Ltd Allots 1,00,000 Equity Shares Following Warrant Conversion
Manoj Ceramic Ltd announced that its Board of Directors approved the allotment of 1,00,000 equity shares resulting from the conversion of equity warrants into equity shares. The transaction, approved during a board meeting held on April 22, 2026, involved a promoter converting warrants into shares.The allotment details specify that the shares have a face value of ₹ 10.00 each. The issue price for the converted warrants is set at ₹ 161 per share. This issue price incorporates a premium of ₹ 151 per share.
The conversion was made based on the exercise of options for warrants, requiring the allottee to pay the balance subscription amount, which accounts for 75% of the warrant issue price, totaling ₹ 120.75 per warrant.
The entire allotment is proposed to the promoter, Dhruv Manoj Rakhasiya.
Transaction Details
The following table outlines the key figures for the conversion and allotment:| Category | Detail | Amount/Shares |
|---|---|---|
| Total Warrants Applied for Conversion | N/A | 1,00,000 |
| Shares Allotted | N/A | 1,00,000 |
| Face Value Per Share | N/A | ₹ 10.00 |
| Issue Price Per Share | N/A | ₹ 161.00 |
| Premium Per Share | N/A | ₹ 151.00 |
Capital Structure Update
The Board noted that, upon the conversion of warrants, the Issued, Subscribed and Paid-up Equity Share Capital of Manoj Ceramic Ltd stands increased. The company's capital is now ₹ 13,80,70,000, consisting of 1,38,07,000 fully paid-up Equity Shares of ₹ 10 each. These newly allotted equity shares will rank pari-passu with the company’s existing equity shares.Stock Price Movement
Manoj Ceramic Ltd settled at ₹83.00 on Tuesday, completing the session with a flat 0.00% change. Throughout the trading day, the shares navigated within a range established between ₹83.00 and ₹85.00.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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