Sobhagya Mercantile Ltd. Allots Equity Shares Following Warrant Conversion
Sobhagya Mercantile Limited announced the allotment of 1,048,500 equity shares on March 27, 2026, resulting from the conversion of convertible warrants. The allotment was made to non-promoter entities.The company received Rs. 53,04,02,073.75 from the conversion. The exercise price for the warrants was Rs. 505.8675 per warrant, resulting in an issue price of Rs. 674.49 per equity share.
Warrant Conversion Details
| Investor | Category | Warrants Allotted (March 11, 2024) | Equity Shares Allotted (March 27, 2026) |
|---|---|---|---|
| LEGENDS GLOBAL OPPORTUNITIES (SINGAPORE) PTE. LIMITED | Non-Promoter | 6,50,500 | 6,50,500 |
| VENUS INVESTMENTS VCC-VENUS STELLAR FUND | Non-Promoter | 3,98,000 | 3,98,000 |
| Total | Non-Promoter | 10,48,500 | 10,48,500 |
The company’s paid-up equity share capital increased from Rs. 8,70,00,000 to Rs. 9,74,85,000 following the allotment. The board meeting concluded at 7:50 p.m.
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