S J Logistics Reports Allotment of Equity Shares Following Warrant Conversion
S J Logistics (India) Limited announced on June 2, 2026, that its Board of Directors approved the allotment of equity shares resulting from the conversion of warrants. The allotment was executed on a preferential basis to a promoter category individual.The Board resolved to allot 1,25,000 equity shares by converting 1,25,000 warrants. The allotment was priced at ₹576/- (Rupees Five Hundred Seventy Six only) per share, which includes a premium of ₹566/-. The allotment was made upon the receipt of funds aggregating to ₹5,40,00,000/- (Five Crore Forty Lakhs only), representing 75% of the issue price per warrant.
The details of the allotment made to the promoter are as follows:
| Allocee Name | Promoter Category | Warrants Held (Prior) | Warrants Converted | Equity Shares Allotted | Amount Received | Warrants Pending |
|---|---|---|---|---|---|---|
| Rajen Hasmukhlal Shah | Promoter | 5,30,000 | 1,25,000 | 1,25,000 | ₹5,40,00,000 | 4,05,000 |
Following the conversion of the warrants, 4,05,000 warrants remain outstanding. The warrant holder is entitled to convert these remaining warrants into equity shares by paying the balance 25% amount, which amounts to ₹432/- (Rupees Four Hundred Thirty-Two only) per warrant. This remaining conversion must take place within 18 months from the date of the initial warrant allotment.
The conversion increased the company’s Issued, Subscribed and Paid-up Equity Share Capital to ₹15,41,81,300/-. This capital comprises 1,54,18,130 fully paid-up Equity Shares of ₹10/- each. The newly allotted equity shares rank pari-passu with the existing equity shares of the Company.
SJLOGISTIC Stock Price Movement
Shares of S J Logistics (India) Limited are edging higher to ₹330.95 as of 2:11 PM today, gaining 1.30% in live trading. The stock is currently tracking the move on a considerable volume of 16,750 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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