Ramdevbaba Solvent Limited Allots 11,37,600 Equity Shares Following Convertible Warrant Conversion
Ramdevbaba Solvent Limited has announced that its Board of Directors approved the conversion and allotment of 11,37,600 fully paid-up equity shares following a meeting held on July 09, 2026. This move pertains to the preferential allotment of Fully Convertible Warrants previously issued to the company's Promoters.The company had previously informed relevant parties regarding the issue and allotment of 11,37,600 Fully Convertible Warrants to the Promoters. Each warrant was convertible into one fully paid-up Equity Share with a face value of Rs. 10/-. The warrants were issued at an issue price (including subscription and exercise) of Rs. 139/- per warrant.
The transaction structure involved two stages of payment from the allottees. Initially, the warrant holders had subscribed for 50% of the issue price (Rs. 69.50/per warrant). The balance 50% (Rs. 69.50/per warrant) was paid upon exercising the option to apply for the Equity Shares.
The Board confirmed the conversion and allotment of all 11,37,600 warrants into an equal number of equity shares after receiving payments from the warrant holders. The total amount received against this allotment stood at Rs. 7,90,63,200.00.
The details of the allotment to the seven Promoter investors are summarized below:
| Investor Name | Category | No. of Warrants Held | No. of Equity Shares Allotted | Amount Received (50% Issue Price) |
|---|---|---|---|---|
| Prashant Kisanlal Bhatya | Promoter | 1,39,200 | 1,39,200 | 96,74,400.00 |
| Aayush Prashant Bhatya | Promoter | 1,60,000 | 1,60,000 | 1,11,20,000.00 |
| Anita Prashant Bhatya | Promoter | 64,000 | 64,000 | 44,48,000.00 |
| Shagun Rajesh Sharma | Promoter | 16,000 | 16,000 | 11,12,000.00 |
| Tushar Ramesh Mohata | Promoter | 2,83,200 | 2,83,200 | 1,96,82,400.00 |
| Kavita Tushar Mohata | Promoter | 96,000 | 96,000 | 66,72,000.00 |
| Preeti Nilesh Mohata | Promoter | 3,79,200 | 3,79,200 | 2,63,54,400.00 |
The newly issued Equity Shares will rank pari passu with the existing Equity Shares of Ramdevbaba Solvent Limited regarding dividends and other corporate benefits.
Consequent to this allotment, the issued, subscribed and paid-up equity share capital of the Company has increased. The capital stood at Rs. 22,86,13,500.00, consisting of 2,28,61,350 Equity Shares, and now stands at Rs. 23,99,89,500.00, consisting of 2,39,98,950 equity shares of face value of Rs. 10/- each.
Ramdevbaba Solvent Limited stated that it will pursue the necessary applications to the Stock Exchange for obtaining listing and trading approval for the newly allotted Equity Shares in due course.
RBS Stock Price Movement
Shares of Ramdevbaba Solvent Limited are edging higher to ₹75 as of 1:23 PM, after gaining 0.67% or ₹0.50 in live trading. The equity is witnessing brisk activity in the market, with a total traded volume currently standing at 20,000 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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