Shri Gang Industries Increases Paid-up Equity Capital Through Dual Preferential Allotments
Shri Gang Industries and Allied Products Limited has executed two significant preferential allotment procedures through its Board of Directors' Preferential Issue Committee, leading to a substantial increase in the company’s paid-up equity share capital. The allotments involve the conversion of existing warrants and compulsory convertible preference shares (CCPS).The first allocation involved the allotment of 1,34,680 Equity Shares. These shares were allotted to Varun Gupta, categorized as Promoter & Promoter Group, subsequent to the conversion of 1,34,680 Fully Convertible Warrants that had been issued on November 11, 2025, at an issue price of ₹99/- each. This tranche of allotment totaled ₹1,33,33,320/-.
The first transaction immediately increased the company's paid-up equity share capital to ₹20,11,46,800/ (Rupees Twenty Crore Eleven Lakh Forty-Six Thousand Eight Hundred Only). This capital is currently divided into 2,01,14,680 Equity Shares of face value ₹10/- each.
Second Allotment and Total Capitalization Update
The company subsequently completed a second preferential allotment through the conversion of 0.01% Compulsorily Convertible Preference Shares (CCPS). A total of 11,24,375 Equity Shares were allotted in this process, all having a face value of ₹10/- each. The shares were allocated to Sarvashaktiman Traders Private Limited, which falls under the Public category.The details of the second allotment are presented below:
| S. No. | Name of the Allottee | Category | CCPS Converted | Equity Shares Allotted |
|---|---|---|---|---|
| 1 | Sarvashaktiman Traders Private Limited | Public | 1,124,375 | 1,124,375 |
Following this second allotment, the Paid-up Equity Share Capital of Shri Gang Industries and Allied Products Ltd rose further to ₹21,23,90,550/ (Rupees Twenty-One Crore Twenty-Three Lakh Ninety Thousand Five Hundred Fifty Only). This capital corresponds to a total of 2,12,39,055 Equity Shares of face value ₹10/- each.
Stock Price Movement
Shri Gang Industries & Allied Products Ltd. settled at ₹64.82 on Friday, having declined 0.25% for the day. Shares moved within an intraday range that spanned from a low of ₹64.00 to a high of ₹69.00.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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