Sar Televenture Limited Approves Allotment of Equity Shares via Warrants Conversion
Sar Televenture Limited announced that its Board of Directors, at a meeting held on May 5, 2026, approved the issuance and allotment of equity shares to a member of the Promoter Group. The transaction involves the conversion of existing warrants into fully paid equity shares.The Board accorded approval for the allotment of 2,50,000 equity shares. These shares are the result of the conversion of 2,50,000 warrants into an equivalent number of equity shares, allotted to an individual belonging to the Promoter Group. The allotment was done on a preferential basis, following the receipt of a balance amount representing 75% of the full and final subscription amount against each warrant.
The details of the allotted equity shares are as follows:
| Name of Allottee | Category | Number of Share allotted pursuant to conversion of warrants |
|---|---|---|
| Mr. Sanidhya Garg | Promoter Group | 2,50,000 |
This allotment significantly increased the company’s financial structure. Following the conversion and allotment of the equity shares, the issued and paidup equity share capital of Sar Televenture Limited increased to Rs. 9,95,95,000/-. This capital is now divided into 4,97,97,500 equity shares, each having a face value of Rs 02/-.
The equity shares allotted through the conversion of warrants will rank pari-passu in all respects and carry the same rights as the existing equity shares of the company, including any dividends or other corporate benefits declared by the Company after the allotment date.
SARTELE Stock Price Movement
Sar Televenture Limited shares edged higher today, settling at ₹151.75 and posting a notable gain of 2.89%. The stock saw a total volume of 44,500 shares traded during the session.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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