SG Finserve Ltd Allots 6,27,778 Equity Shares After Warrant Conversion
SG Finserve Ltd announced the allotment of 6,27,778 equity shares following the conversion of warrants allotted on a preferential basis. This transaction follows an earlier intimation regarding the allotment of 1,00,00,000 Fully Convertible warrants of face value of ₹10/- each.The Allotment Committee of the Board of Directors conducted its meeting on April 08, 2026. During this meeting, the Committee allotted 6,27,778 equity shares, each having a face value of ₹10/-. These shares were allotted upon the conversion of 6,27,778 warrants.
The conversion was executed upon the receipt of ₹337.5/- per warrant, which represents the balance 75% of the issue price of ₹450/- per warrant. This transaction aggregated to ₹21,18,75,075/- (Rupees Twenty One Crore Eighteen Lakh Seventy Five Thousand and Seventy Five Only).
The details of the allottees and the shares allotted are presented below:
| S. No. | Names of Allottee(s) | Category | Number of Warrants Converted | No. of equity shares of face value of ₹10/- each allotted, upon conversion/ exchange of Warrants |
|---|---|---|---|---|
| 1 | Shri Rohan Gupta | Promoter | 3,27,778 | 3,27,778 |
| 2 | Marigold Partners | Non Promoter | 3,00,000 | 3,00,000 |
The new equity shares allotted by the company shall rank pari passu with the existing equity shares. The Allotment Committee Meeting commenced at 11:00 a.m. and concluded at 11:30 a.m.
SGFIN Stock Price Movement
Shares of SG Finserve Limited are gaining momentum as of 11:50 AM, currently trading at ₹462.05, representing a 2.34% jump in live trading. The stock remains near its peak performance, notably touching its 52-week HIGH of ₹470 amid strong investor interest, evidenced by a volume of 147,370 shares.Source:
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