Shera Energy Approves Preferential Allotment of 45 Lakh Fully Convertible Warrants
Shera Energy Limited has approved the preferential allotment of Forty-Five Lakh Fully Convertible Warrants (FCW), at an issue price of ₹118/- per warrant. The decision was made by the Board of Directors following a meeting held on July 14, 2026.The FCWs were allotted to various investors, including promoter entities and venture capital funds. Each warrant allows conversion into one Equity Share of face value ₹10/-, within a period of 18 months from the date of allotment, contingent upon payment of the remaining balance consideration.
Key Details of the Preferential Allotment
The total allocation involved 45,00,000 Warrants at an issue price of ₹118/- per warrant. The transaction was conducted for cash, with a total consideration of ₹53,10,00,000.The allotment was completed to the following entities:
| Allottee Name | Category | Number of Warrants |
|---|---|---|
| Sheikh Naseem | Promoter | 24,95,000 |
| Shivani Sheikh | Promoter | 16,05,000 |
| Holani Venture Capital Fund - I | Non-Promoter | 2,00,000 |
| Quantumgrowth Partners LLP | Non-Promoter | 2,00,000 |
The warrants are fully convertible into an equivalent number of Equity Shares. Investors received an allotment for which the upfront payment amounted to 25% of the total consideration, with the remaining 75% due upon conversion of the warrants into equity shares.
Shareholding Impact Post-Allotment
The preferential issue impacts the company’s shareholding pattern. The following table details the pre and post allotment shareholding based on the transaction:| Category | Pre-Issue Shares (%) | Warrants Proposed | Post-Issue Shares (assuming full conversion) (%) |
|---|---|---|---|
| Promoter & Promoter Group | 62.35% | 41,00,000 | 66.82% |
| Public | 37.65% | 4,00,000 | 33.18% |
| Total | 100.00% | 45,00,000 | 100.00% |
The Allotment was made to the specified individuals and firms in their respective categories. The terms indicate that up to 45,00,000 warrants are convertible into Equity Shares of face value INR 10 each within a maximum period of 18 months from the allotment date.
SHERA Stock Price Movement
Shera Energy Limited shares today slipped by 2.98% after market close, settling at approximately ₹154.95. The stock traded a total of 24,000 shares during the session, finishing near its intraday low of ₹154.25.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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