Polysil Irrigation Systems Allots 40 Lakh Equity Shares Following Warrant Conversion
Polysil Irrigation Systems Limited announced that its Board of Directors approved the allotment of 40,00,000 equity shares of the company. The decision was reached during the Board meeting held on May 21, 2026.The allotment was made against the exercise and conversion of 40,00,000 convertible warrants. The equity shares, which have a face value of Rs. 10/- each, were allotted upon the receipt of the balance subscription amount of Rs. 13.15 per warrant, which represents 75% of the issue price.
Following the successful allotment, the post-issue paid-up equity share capital of Polysil Irrigation Systems Limited has exceeded Rs. 25 Crores.
The transaction significantly alters the company's capital structure. The total issued, subscribed, and paid-up capital figures are detailed below:
| Particulars | Pre Allotment (Shares) | Pre Allotment (Value) | Allotment (Shares) | Allotment (Value) | Post Allotment (Shares) | Post Allotment (Value) |
|---|---|---|---|---|---|---|
| Issued Capital | 22,505,090 | 22,50,50,900 | 4,000,000 | 4,00,00,000 | 26,505,090 | 26,50,50,900 |
| Subscribed and Paid-up Capital | 22,505,090 | 22,50,50,900 | 4,000,000 | 4,00,00,000 | 26,505,090 | 26,50,50,900 |
The new equity shares allotted through this process will rank pari passu with the company's existing equity shares in all respects, including payment of dividend and voting rights.
POLYSIL Stock Price Movement
Shares of Polysil Irrigation Systems Limited are rallying sharply, gaining 4.98% and trading at ₹148.7 as of 1:50 PM today. The stock maintains strong momentum amid live trading, with 2,000 shares transacted, pushing the price significantly above its opening levels.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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