<h1>Shera Energy Limited Allots 45 Lakh Fully Convertible Warrants at ₹118 Per Warrant</h1>
Shera Energy Limited has completed the preferential allotment of 45,00,000 Fully Convertible Warrants (FCWs). The Board meeting approved the issue of these warrants at an issue price of ₹118/- per warrant.
The FCWs were allotted on a private placement basis to Promoter and Non-Promoter groups. The terms stipulate that each Warrant shall be convertible into one Equity Share of face value ₹10/- within 18 months from the date of allotment. This conversion is subject to the holder paying the remaining 75% of the issue price upon exercise.
The total consideration received for the warrants amounted to ₹53,10,00,000, which was accepted in cash by the company. The issuance aligns with previous approval granted on June 29, 2026.
Allotment Details and Investors
The FCWs were distributed across four allottees from both Promoter and Non-Promoter categories.The allotment details are as follows:
| Name of Allottee | Category | No. 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 |
| Total | 45,00,000 |
Impact on Shareholding Pattern (Assuming Full Conversion)
The preferential allotment and subsequent subscription have implications for the company's shareholding pattern. Based on the issued FCWs, the post-allotment outcomes for key allottees are as follows:| Name of Allottee | Pre Preferential Shareholding | Post Preferential Shareholding |
|---|---|---|
| Sheikh Naseem | 31.46% | 35.19% |
| Shivani Sheikh | 4.17% | 9.07% |
| Holani Venture Capital Fund - I | 0.09% | 1.52% |
| Quantumgrowth Partners LLP | - | 0.69% |
The pre-issue and post-issue shareholding pattern, assuming full conversion of the warrants, is detailed in the table below:
| Category | Pre-Issue Shareholding (%) | Warrants Proposed | Post-Issue Shareholding (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% |
SHERA Stock Price Movement
As of 11:31 AM, shares of Shera Energy Limited are slipping by 0.32%, currently trading at ₹157.7. The stock sees a move characterized by limited activity, with 6,000 shares traded so far in the live 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.
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