Parth Electricals Approves Preferential Allotment of Warrants and Equity Shares
Parth Electricals & Engineering Limited, during a Board meeting held on July 11, 2026, approved the preferential allotment of securities following member approval and in-principle consent from the National Stock Exchange of India. The company allotted fully convertible equity warrants and equity shares to selected investors at determined issue prices.The board decision covered two primary allotments under a preferential basis:
For the promoter category, 1,00,000 fully convertible equity warrants were allotted to Jigneshkumar Gordhanbhai Patel. Each warrant carries an exercise price of ₹344 (Rupees Three Hundred and fortyfour only), which includes a premium of ₹334 per Warrant. These warrants are convertible into one Equity Share of ₹10/- upon payment of the balance 75% of the total consideration.
In addition, 3,00,000 equity shares were allotted to Sunil Murlimanohar Kabra and Prakash Diwan from the non-promoter public category. The issue price for these equity shares was set at ₹344 (Rupees Three Hundred and fortyfour only), which incorporates a premium of ₹334 per share.
The total allotment amount for 1,00,000 warrants amounted to ₹3,44,000/-, while the allotment of 3,00,000 equity shares aggregated to ₹10,32,00,000/-. Both sets of securities are subject to lock-in restrictions as prescribed under relevant regulations.
Investor Subscription Details
The company disclosed details regarding the investors and the issuance structure following the preferential allotment. The involved parties included Jigneshkumar Gordhanbhai Patel for warrants and Sunil Murlimanohar Kabra and Prakash Diwan for equity shares.| Investor | Securities Allotted | Issue Price | Premium |
|---|---|---|---|
| Jigneshkumar Gordhanbhai Patel | 1,00,000 Warrants | ₹344 per underlying share | ₹334 |
| Sunil Murlimanohar Kabra | 1,50,000 Equity Shares | ₹344 | ₹334 |
| Prakash Diwan | 1,54,800 Equity Shares | ₹344 | ₹334 |
Post-Allotment Details and Conversion Terms
The allotment introduced a total of three investors. The warrants allotted to Jigneshkumar Gordhanbhai Patel are exercisable into one Equity Share having a face value of ₹10/-. The tenure for the Warrants is 18 months from the date of allotment, and conversion can occur in tranches.The issue price for the equity shares was set at ₹344 per underlying share, which includes a premium of ₹334 over the face value of ₹10/-. For the warrants, 25% (Twenty-Five per cent) of the Warrant Price has been paid by the allottee, with the remaining 75% payable upon exercise and conversion into equity shares.
The table below details the pre-issue and post-issue shareholding for the involved parties:
| Investor | Particulars | Pre-issue Shareholding (No./%) | Post-issue Shareholding (No./%) |
|---|---|---|---|
| Jigneshkumar Gordhanbhai Patel | Warrants | 71,51,377 / 52.32% | 72,51,377 / 51.55% |
| Sunil Murlimanohar Kabra | Equity | - / - | 1,50,000 / 1.07% |
| Prakash Diwan | Equity | 4,800 / 0.04% | 1,54,800 / 1.10% |
PARTH Stock Price Movement
Shares of Parth Electricals & Engineering Limited slipped on Friday, settling at ₹412.35 after shedding ₹7.00 or 1.67% in trading. The stock closed the session amidst a volatile intraday range and with a traded volume of 6,800 shares.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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