S J Logistics Completes Warrant Conversion, Increasing Paid-up Capital
S J Logistics (India) Limited announced that its Board of Directors approved the allotment of equity shares following the conversion of warrants into stock. The move was completed on June 05, 2026, resulting in a significant increase in the company's fully paid-up capital.The conversion involved 1,15,000 warrants being exchanged for 1,15,000 equity shares at an issue price of ₹576 per share. This allotment was designated to a person belonging to the Promoter Category and was processed on a preferential basis. The transaction amount received amounted to ₹4,96,80,000.
The details pertaining to the allotment are as follows:
| Name of Allottee | Category | Warrants Applied For Conversion | Equity Shares Allotted | Amount Received (75% of issue price) |
|---|---|---|---|---|
| Rajen Hasmukhlal Shah | Promoter | 1,15,000 | 1,15,000 | ₹4,96,80,000 |
In addition to the successful conversion, the company holds 1,70,000 warrants pending for future conversion. The warrant holder is entitled to convert these remaining warrants into Equity Shares by paying the balance of ₹432 per warrant within 18 months from the date of warrant allotment.
As a consequence of this conversion and allotment, S J Logistics (India) Limited's Issued, Subscribed, and Paid-up Equity Share Capital has increased to ₹15,65,31,300. This capital consists of 1,56,53,130 fully paid-up Equity Shares, each with a face value of ₹10/-. All newly allotted equity shares will rank pari passu with the existing equity shares of the company.
SJLOGISTIC Stock Price Movement
S J Logistics (India) Limited shares are trending upward as of 11:43 AM, currently trading at ₹370 after gaining ₹8.45 or 2.34% in the live market session. The stock has seen a volume of 15,250 shares traded so far today.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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