Pennar Industries Announces Equity Allotment Following Warrant Conversion by Investor
Pennar Industries Ltd. announced the allotment of 5,50,000 equity shares following the conversion of warrants issued on a preferential basis to Pennar Holdings Private Limited. The Board of Directors’ Allotment Committee approved this transaction on July 14, 2026.The allotment followed an earlier intimation regarding the issuance of 30,00,000 warrants, each convertible into one equity share of face value Rs. 5/- to Pennar Holdings Private Limited. Upon receiving a Warrant Exercise Price aggregating to Rs. 6,93,00,000 (Rupees Six Crores NinetyThree Lakhs Only), the company approved the allotment of 5,50,000 equity shares.
The newly issued equity shares rank pari passu with existing equity shares of the Company. This transaction resulted in an increase in the issued and paid-up capital of Pennar Industries Ltd. The total issued and paid up capital now stands at Rs. 67,74,81,155/, comprising a total of 13,54,96,231 equity shares of Rs. 5/each.
Key details of the allotment transaction are presented below:
| Detail | Value |
|---|---|
| Allottee | Pennar Holdings Private Limited |
| Warrants Applied For Conversion | 5,50,000 |
| Equity Shares Allotted (Face Value Rs. 5/-) | 5,50,000 |
| Total Warrant Exercise Price Received | Rs. 6,93,00,000 |
| Issue Price per Share | Rs. 168/- |
The transaction completed the conversion of 5,50,000 out of 30,00,000 warrants that were previously allotted to Pennar Holdings Private Limited.
PENIND Stock Price Movement
Pennar Industries Limited shares are edging higher to ₹176.42 as of 11:15 AM today, rising 2.37% in live trading. The stock is currently seeing a volume nearing 2.94 million shares, reflecting robust buyer interest in the morning 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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