Mizzen Ventures Ltd. Allots 810,000 Equity Shares Following Warrant Conversion
Mizzen Ventures Limited, formerly Jyothi Infraventures Limited, announced on March 30, 2026, that its Board of Directors approved the allotment of 810,000 equity shares. The allotment follows the conversion of an equal number of warrants previously issued on a preferential basis.The company received ₹3,15,90,000, representing 75% of the issue price of ₹52 per warrant, from the allottee. Consequently, all outstanding warrants have now been converted into equity shares.
The allotment increases the company's paid-up share capital to ₹21,99,50,000, comprised of 2,19,95,000 equity shares with a face value of ₹10 each.
The Board meeting was held on March 30, 2026, commencing at 2:00 PM (IST) and concluding at 2:45 PM (IST).
Allottee Details:
| Name of Allottee | Number of Warrants Held | Number of Equity Shares Allotted | Number of Warrants Outstanding for Conversion |
|---|---|---|---|
| Hitesh Natwarlal Kawa | 8,10,000 | 8,10,000 | - |
Sandeep Dsilva, Managing Director & CFO, confirmed the allotment.
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