Moxsh Overseas Educon Limited Allots Equity Shares Following Warrant Conversion; Paid-up Capital Increases
Moxsh Overseas Educon Limited, formerly known as Moxsh Overseas Educon Private Limited, has reported a significant increase in its paid up equity share capital following the allotment of shares resulting from warrant conversion. The Board of Directors approved the issuance of 41,667 equity shares to warrant holders on June 06, 2026.The allotment was made for cash pursuant to warrants previously issued by the company. The new equity shares have a face value of Rs. 10/- each and were allotted at a price of Rs. 80/- per equity share, which includes a premium of Rs. 70/ per share.
The transaction involved the allotment of 41,667 fully paid-up equity shares as warrant holders exercised their conversion rights. The company received the remaining exercise price of Rs. 60/- per warrant against this allotment, aggregating to Rs. 25,00,020/-. These newly allotted equity shares will rank pari passu with the existing equity shares in all respects.
The successful allotment has resulted in an increase in the company's paid up equity share capital from Rs. 9,37,92,000/- to Rs. 9,42,08,670/-.
Key Transaction Details
The transaction details and the outcome of the warrant conversion are summarized below:| Particular | Detail |
|---|---|
| Total Equity Shares Allotted | 41,667 |
| Face Value per Share | Rs. 10/- |
| Allotment Price per Share | Rs. 80/- |
| Premium per Share | Rs. 70/- |
| Cash Received on Allotment | Rs. 25,00,020/- |
| Capital Before Allotment | Rs. 9,37,92,000/- |
| Capital After Allotment | Rs. 9,42,08,670/- |
Details of Warrant Conversion
The conversion process involved multiple investors, with the allotment being made to one principal allottee on this date. The table below provides a breakdown of the warrants and shares involved in the transaction:| Name of warrant holder(s)/allottee(s) | Category | Warrants Allotted | No of Warrants Applied for Conversion | No. of Equity Shares Allotted |
|---|---|---|---|---|
| Hitesh Vinodrai Mody | Non-Promoter | 38,400 | 0 | 38,400 |
| Priti Dhananjay Shah | Promoter | 1,21,600 | 41,667 | 41,667 |
| Total | Total | 1,60,000 | 41,667 | 80,067 |
As of the conversion, a total of 79,933 warrants still remain pending for conversion by investors.
MOXSH Stock Price Movement
On Friday, shares of Moxsh Overseas Educon Limited edged higher to close at ₹119.85, gaining 4.76% on the session. The stock traded within a tight range, hitting a high of ₹120 and a low of ₹119.5, with 4,800 shares recorded in trade.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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