Saptak Chem And Business Ltd Allots 20,00,000 Equity Shares to Non-Promoter Warrants Holders
Saptak Chem And Business Ltd announced that its Board of Directors, in a meeting held on April 06, 2026, approved the allotment of 20,00,000 fully paid-up equity shares. These shares are being allotted on a preferential basis through the conversion of warrants into equity shares.The allotment benefits Akshay Shah HUF, Ms. Jayshree Jain, HMM Consultancy LLP, and Ankush Agarwal HUF, all classified as non-promoter group warrant holders.
The details of the warrant conversion are as follows:
| Sr. No. | Name of the Allottee | Category | No. of warrants allotted | No. of warrants applied for conversion | No. of warrants Pending for conversion |
|---|---|---|---|---|---|
| 1 | Akshay Shah HUF | Non- Promoter, Others | 5,00,000 | 5,00,000 | 0 |
| 2 | Jayshree Jain | Non- Promoter, Individual | 5,00,000 | 5,00,000 | 0 |
| 3 | HMM Consultancy LLP | Non- Promoter, Others | 5,00,000 | 5,00,000 | 0 |
| 4 | Ankush Agarwal HUF | Non- Promoter, Others | 5,00,000 | 5,00,000 | 0 |
| Total | 20,00,000 | 20,00,000 | 0 |
The allotment was made for cash upon receipt of the remaining exercise price of Rs.7.875/- per share warrant. This amount aggregates to Rs.1,57,50,000/- (Rupees One Crore Fifty-Seven Lakh Fifty Thousand Only). This payment represents an amount equivalent to 75% of the initial warrant exercise price of Rs.10.50/- per warrant.
The equity shares issued through this warrant conversion rank pari passu with the Company's existing equity shares in all respects.
This transaction resulted in changes to the Company’s paid-up equity capital. The paid-up equity capital increased from Rs.1,07,32,270/- (consisting of 10,73,227 Equity Shares of Rs.10/- each) to Rs.3,07,32,270/- (consisting of 30,73,227 Equity Shares of Rs.10/- each).
A reconciliation of the outstanding warrants shows the following:
| Particulars | No. of Warrants |
|---|---|
| Total Warrants allotted on January 13, 2026 | 40,00,000 |
| Less: Warrants converted into equity shares till April 06, 2026 | 20,00,000 |
| Total Outstanding Warrants | 20,00,000 |
It is noted that 20,00,000 total warrants remain outstanding for conversion. The warrant holders are entitled to convert these warrants into an equal number of Equity Shares by paying the remaining 75%, or Rs.7.875/per warrant, within 18 months from the date of warrant allotment.
The total warrants originally allotted on January 13, 2026, were 40,00,000. After the conversion, the total outstanding warrants stand at 20,00,000.
The allotment of 20,00,000 equity shares means the total shares held by the investors post allotment are:
| Shareholder Name | Shares Post Allotment | Percentage of Total Holding (post diluted) |
|---|---|---|
| Akshay Shah HUF | 5,00,000 | 16.27 |
| Jayshree Jain | 5,00,000 | 16.27 |
| HMM Consultancy LLP | 5,00,000 | 16.27 |
| Ankush Agarwal HUF | 5,00,000 | 16.27 |
| Total | 20,00,000 | 65.08 |
Stock Price Movement
At the close of trade on Monday, Saptak Chem And Business Ltd shares settled at ₹45.00, trailing down 2.93%. The stock managed to keep its movement confined, trading within an intraday range between ₹45.00 and ₹46.00.Source:
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