Moxsh Overseas Educon Limited Allots 38,400 Equity Shares Following Warrant Conversion
Moxsh Overseas Educon Limited, formerly known as Moxsh Overseas Educon Private Limited, announced that its Board of Directors, at a meeting held on May 12, 2026, approved the allotment of 38,400 equity shares. This allotment occurred following the exercise of conversion rights of warrants by a warrant holder.The Board meeting considered and approved the issue of 38,400 equity shares, each with a face value of Rs. 10/-. The allotment price was set at Rs. 80/- per equity share, which includes a premium of Rs. 70 per share.
The allotment was executed for cash, resulting from the receipt of the remaining exercise price of Rs. 60/- per warrant. This generated an aggregate cash receipt of Rs. 23,04,000/-.
The newly allotted equity shares will rank paripassu, or equally, with all existing equity shares of the company regarding dividends and other entitlements.
Capital Structure Update
The company's paid-up equity share capital saw a notable increase following the conversion. Prior to this transaction, the paid-up equity share capital stood at Rs. 9,34,08,000/- (Rupees Nine Crore Thirty-Four Lakh Eight Thousand Only). After the allotment, the paid-up equity share capital increased to Rs. 9,37,92,000/- (Rupees Nine Crore Thirty-Seven Lakh NinetyTwo Thousand Only).The transaction details and the conversion scope are summarized below:
| Detail | Value / Amount |
|---|---|
| Date of Board Meeting | May 12, 2026 |
| Shares Allotted | 38,400 Equity Shares |
| Face Value per Share | Rs. 10/- |
| Allotment Price | Rs. 80/- per share |
| Premium per Share | Rs. 70/- |
| Total Cash Received | Rs. 23,04,000/- |
| Previous Paid-up Capital | Rs. 9,34,08,000/- |
| Post-Allotment Paid-up Capital | Rs. 9,37,92,000/- |
As per the records, while 38,400 shares were allotted to Hitesh Vinodrai Mody, a total of 1,21,600 warrants remain pending for conversion, belonging to Priti Dhananjay Shah.
MOXSH Stock Price Movement
Today, Moxsh Overseas Educon Limited shares edged higher to close at ₹140, gaining 4.59% on the day. The equity recorded a volume of 25,600 shares, hitting the 52-week high mark of ₹140 in after-hours trading.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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