On Door Concepts Allots 20 Lakh Convertible Warrants at Rs 156 Per Warrant
On Door Concepts Limited has approved and executed the preferential allotment of 20,00,000 Convertible Warrants. The warrants are convertible into an equivalent number of Equity Shares with a face value of Rs. 10/- per share and were issued at an Issue Price of Rs. 156/ per warrant, which includes a premium of Rs. 146/ each.The allotment was formalized by the Board of Directors meeting held on July 9, 2026, following approval granted by shareholders in an Extraordinary General Meeting on May 15, 2026. The entire transaction aggregated to Rs. 31,20,00,000 (Rupees Thirty-One Crore Twenty Lakh Only).
The company received an upfront payment of Rs. 7,80,00,000 (Rupees Seven Crore Eighty Lakh Only), which constitutes 25% of the total warrant issue price. The remaining balance of 75% is payable by the warrant holders upon exercising their conversion option.
The warrants are subject to a lock-in period and can be exercised for conversion into equity shares within eighteen months from the allotment date, July 9, 2026. Upon exercise, warrant holders must pay the remaining balance of the amount due against each warrant.
Key details of the preferential allotment are summarized below:
| Particular | Detail |
|---|---|
| Total Number of Warrants Allotted | 20,00,000 |
| Issue Price per Warrant (Including Premium) | Rs. 156/- |
| Aggregate Value of Warrants | Rs. 31,20,00,000 |
| Amount Received Upfront (25%) | Rs. 7,80,00,000 |
| Conversion Period | 18 months from July 9, 2026 |
The allotment of these Convertible Warrants does not result in an immediate increase in the paid-up equity share capital. The company’s paid-up equity share capital will only increase following the exercise of the warrants and subsequent allotment of equity shares.
The preferential issue was made to 72 investors, all classified as Non-Promoter investors based on the provided data.
The company confirmed that details pertaining to the pre and post allotment status of the allottees are available in the relevant documentation.
ONDOOR Stock Price Movement
On Door Concepts Limited shares shed 1.54% in trading today, finishing the session at ₹201 after falling ₹3.05. The stock recorded a total traded volume of 26,700 shares during its final hours.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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