Promoter Group Acquires 9.5 Lakh Shares in Novelix Pharmaceuticals Ltd via Warrant Conversion
Novelix Pharmaceuticals Limited announced a significant share allotment after promoter entities, SRINIDHI FINE-CHEMICALS LLP and NARAHARI BELIDE, received equity shares through the conversion of warrants. This transaction was conducted under a preferential allotment basis on May 29, 2026.SRINIDHI FINE-CHEMICALS LLP and NARAHARI BELIDE were allotted Equity Shares in Novelix Pharmaceuticals Limited following this transaction. The allotment details indicate that SRINIDHI FINE-CHEMICALS LLP received 8,00,000 shares, while NARAHARI BELIDE was allocated 1,50,000 shares, bringing the total number of shares acquired to 9,50,000.
The acquisition relates to the conversion of warrants into equity shares issued on a preferential allotment basis. The transaction resulted in changes to the company's capital structure.
Capital Structure Overview
Prior to the share acquisition, Novelix Pharmaceuticals Limited had an Equity Share Capital and total voting capital valued at Rs. 210,850,000, constituting 21,085,000 Equity Shares of Rs. 10/- each.The allotment increased the company's financial standing to a post-acquisition status where the Equity Share Capital and total voting capital stood at Rs. 238,950,000, made up of 23,895,000 Equity Shares of Rs. 10/- each.
The total diluted share or voting capital of Novelix Pharmaceuticals Limited after the acquisition was reported as Rs. 272,700,000, consisting of 23,895,000 Equity Shares of Rs. 10/- each and 33,75,000 in other instruments.
Acquisition Details Summary
The details concerning the acquisition by the promoter group are summarized below:| Allottee | Category | No. of Shares Allotted |
|---|---|---|
| SRINIDHI FINE-CHEMICALS LLP | Promoter | 8,00,000 |
| NARAHARI BELIDE | Promoter Group | 1,50,000 |
| TOTAL | TOTAL | 9,50,000 |
The acquisition was completed on May 29, 2026.
Stock Price Movement
Novelix Pharmaceuticals Ltd is ticking up at ₹55.99 as of 10:29, having surged by +6.30%. The shares traded within an intraday range between a low of ₹51.30 and a high of ₹57.50.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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