Satyam Joshi’s Stake in NHC Foods Ltd. Increases Through Warrant Conversion
NHC Foods Ltd. announced that Satyam Shirishchandra Joshi has been allotted 44,00,00,000 equity shares following the conversion of warrants into equity shares. The shares were credited to Joshi’s demat account on March 18, 2026.This transaction occurred through a preferential allotment, marking an increase in Joshi’s holding in the company. Before the conversion, Joshi held 4,69,80,994 shares, representing 7.65% of the total share/voting capital and 7.14% on a diluted basis. Following the conversion and allotment of new shares, Joshi’s total holdings now stand at 9,09,80,994 shares, equating to 13.83% of the total share/voting capital.
The company’s equity share capital increased from 61,37,50,000 shares to 65,77,50,000 shares as a result of the conversion. The total diluted share/voting capital also increased to 65,77,50,000 shares. Joshi is the Managing Director of NHC Foods Ltd.
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