Moxsh Overseas Educon Limited Allocates 79,933 Equity Shares Following Warrant Conversion
Moxsh Overseas Educon Limited has finalized the allotment of equity shares following a board meeting held on July 09, 2026. The company approved the issuance of 79,933 new equity shares as a result of warrant holders exercising their conversion rights.The Board of Directors of Moxsh Overseas Educon Limited sanctioned the allotment of 79,933 equity shares, each with a face value of Rs. 10/-. The shares were allotted at an issue price of Rs. 80/- per share, which includes a premium of Rs. 70/- per equity share.
The issuance was conducted for cash and represented the receipt of the remaining exercise price of Rs. 60/- per warrant, constituting 75% of the total warrant exercise price of Rs. 80/- per warrant. The total amount received from this allotment aggregated to Rs. 47,95,980/-.
The new equity shares allotted pursuant to the conversion of warrants rank paripassu with all existing equity shares of the Company concerning dividends and other rights.
Financial Status Post-Allotment
The completion of the transaction resulted in an increase in the paid up equity share capital of the company. Prior to this allotment, the paid up equity share capital stood at Rs. 9,42,08,670/-. Following the issuance of these shares, the capital increased to Rs. 9,50,08,000/-.A summary of the transaction details is provided below:
| Particulars | Details |
|---|---|
| New Equity Shares Allotted | 79,933 |
| Face Value per Share | Rs. 10/- |
| Allotment Price | Rs. 80/- |
| Premium per Share | Rs. 70/- |
| Cash Received in Transaction | Rs. 47,95,980/- |
Details of Warrant Conversion
The allotment encompassed warrants held by both promoter and non-promoter categories. The company recorded the conversion of a total of 1,60,000 warrants across various holders.Key details regarding the warrant holders are summarized in the table below:
| Category | Total Warrants Allotted | Warrants Applied for Conversion | Equity Shares Issued |
|---|---|---|---|
| Promoter | 1,21,600 | 79,933 | 1,21,600 |
| Non-Promoter | 38,400 | 38,400 | 38,400 |
| Total | 1,60,000 | 79,933 | 1,60,000 |
The allotment was made in cash against the receipt of the balance amount. As a result of today’s conversion and subsequent equity share allotment, no warrants are pending for conversion.
MOXSH Stock Price Movement
Today, shares of Moxsh Overseas Educon Limited settled completely flat at ₹108 after trading concluded. The stock maintained its previous close price throughout the day's 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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