S J Logistics Allots 170,000 Equity Shares Following Conversion of Warrants
S J Logistics (India) Limited announced the allotment of equity shares following the conversion of warrants into equity shares, approved by its Board of Directors on June 5, 2026. The company allotted 1,70,000 equity shares to a Promoter category individual at a preferential basis.The conversion involved 1,70,000 warrants being converted into an equivalent number of equity shares at an issue price of ₹576/- per share. This amount includes a premium of ₹566/-, resulting in the receipt of ₹7,34,40,000 against this allotment.
The allocation was made to Rajen Hasmukhlal Shah from the Promoter category. As a result of this transaction, all warrants previously allotted for conversion are now utilized.
Details of the warrant and equity share conversion are provided below:
| Parameter | Value |
|---|---|
| Number of Warrants Converted | 1,70,000 |
| Number of Equity Shares Allotted | 1,70,000 |
| Issue Price per Share | ₹576/- |
| Premium on Issue | ₹566/- |
| Total Amount Received from Warrants Conversion | ₹7,34,40,000 /- |
| Allottee Name and Category | Rajen Hasmukhlal Shah (Promoter) |
Following the conversion of warrants and the allotment of equity shares, S J Logistics (India) Limited’s capital structure has been updated. The company's Issued, Subscribed and Paid-up Equity Share Capital increased to ₹15,82,31,300 /- This new capital comprises 1,58,23,130 fully paid-up Equity Shares of ₹10/- each, which rank pari-passu with the company's existing equity shares.
SJLOGISTIC Stock Price Movement
S J Logistics (India) Limited rallied strongly today, finishing at ₹380.75 after posting a gain of 5.66%. The stock was actively traded during the session, recording a total volume of 69,250 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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