Sar Televenture Limited Completes Allotment of Equity Shares Via Warrant Conversion
Sar Televenture Limited announced that its Board of Directors, during a meeting held on May 7, 2026, approved the issuance and allotment of equity shares to a member of the Promoter Group.The allotment involves 1,00,000 equity shares resulting from the conversion of 1,00,000 warrants. This action is conditional upon the receipt of the remaining 75% balance amount against each warrant, representing the full and final subscription amount.
According to the details approved by the Board, the shares allotted are as follows:
| Name of Allottee | Category | Number of Shares Allotted (via Warrants Conversion) |
|---|---|---|
| Mr. Sanidhya Garg | Promoter Group | 1,00,000 |
Following this allotment of equity shares, the company's capital structure has been updated. The issued and paidup equity share capital of Sar Televenture Limited now stands at Rs. 10,02,95,000, divided into 5,01,47,500 equity shares, each having a face value of Rs 02/-.
The equity shares allotted through the conversion of warrants are stated to rank pari-passu in all respects. They carry the same rights as the company's existing equity shares, including any dividends and other corporate benefits declared by the company after the said allotment.
SARTELE Stock Price Movement
As of 11:37 AM, shares of Sar Televenture Limited are slipping by 3.87% in live trading, currently at ₹154. The equity sheds ₹6.20 in its move, with 53,500 shares actively contributing to the flow in the market.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.