Sampann Utpadan India Allots 23 Lakh Equity Shares Following Convertible Warrant Conversion
Sampann Utpadan India Limited, formerly known as SE Power Ltd, announced on August 4, 2026, that its Board of Directors had approved the allotment of 23,00,000 Equity Shares. This action followed the conversion of convertible warrants issued previously by the company.The meeting of the Board addressed the preferential allotment of these shares to both Promoter and Non-Promoter categories. The transaction involved the conversion of 23,00,000 Convertible Warrants (which were part of a total balance of 23,00,000 warrants previously issued on February 17, 2025).
The Board approved the issuance of 23,00,000 Equity Shares at a face value of Rs. 10/- per share and carried a premium of Rs. 23.90/-, resulting in a total issue price of Rs. 33.90/- per equity share.
Conversion Details and Allotment Structure
The allotment was executed on a preferential basis, targeting both promoter and non-promoter entities. The details regarding the allottees, the warrants applied for conversion, and the financial amounts received are as follows:| Name of Allottee Group | Total Warrants Applied For | Equity Shares Allotted | Amount Received (In Rs.) |
|---|---|---|---|
| Promoter (SACHIN AGARWAL) | 8,00,000 | 8,00,000 | 2,03,40,000 |
| Non-Promoter Group (EBISU GLOBAL OPPORTUNITIES) | 7,50,000 | 7,50,000 | 190,68,750 |
| Non-Promoter Group (UNICO GLOBAL OPPORTUNITIES FUND LIMITED) | 7,50,000 | 7,50,000 | 190,68,750 |
| Total | 23,00,000 | 23,00,000 | 5,84,77,500 |
The allotment involved three total investors. The issue price for the convertible warrants was confirmed at Rs. 33.90/- per share, which includes a premium of Rs. 23.90/- over the face value.
SAMPANN Stock Price Movement
Sampann Utpadan India Limited's shares slipped by 0.29% to settle at ₹27.08 today in post-market trading. The stock saw a daily low of ₹27.06 and was traded on a volume of 2,980 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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