Srestha Finvest Ltd Approves Allotment of 11.75 Crores Equity Shares via Warrant Conversion
Srestha Finvest Ltd confirmed that its Board of Directors, in a meeting held on Monday, April 13, 2026, approved the allotment of equity shares following the conversion of convertible warrants. The board meeting considered and approved the allotment of 11,75,00,000 (Eleven Crores Seventy Five Lakhs) Equity Shares of face value Re.1/-. These shares were issued at a premium of Rs.0.05/- per equity share.The allotment was made to the Promoter group on a preferential basis, utilizing the conversion of 11,75,00,000 Convertible Warrants. This conversion was executed out of a total pool of 85,30,00,000 Convertible Warrants that were initially issued and allotted on February 18, 2025.
The transaction involved three allottees from the Non-Promoter Group who deposited the balance consideration amount, totaling Rs.9,25,31,250/-. This deposit facilitated the exercise of their rights, leading to the conversion and allotment of 11,75,00,000 warrants into an equal number of equity shares.
Previously, an initial subscription amount of Rs.22,39,12,500/- had been received from the respective bank accounts of the allottees upon the original allotment of the warrants.
The newly allotted equity shares will rank pari passu with the existing equity shares of the company in all respects, including payment of dividend and voting rights.
Equity Share Allotment Details
The conversion of warrants resulted in the allocation of 11,75,00,000 new equity shares. The following table details the conversion specifics for the participating allottees:| Name of Allottee | Warrants Applied for Conversion | Equity Shares Allotted (Conversion) | Warrants Pending for Conversion |
|---|---|---|---|
| Sneha Bhandari | 6,25,00,000 | 6,25,00,000 | 14,75,00,000 |
| Sunil Bhandari | 2,50,00,000 | 2,50,00,000 | 17,50,00,000 |
| Financial World India Private Limited | 0 | 0 | 3,80,00,000 |
| Mayoga Investments Limited | 0 | 0 | 4,00,00,000 |
| Momento Fabric Fashions Private Limited | 0 | 0 | 4,00,00,000 |
| Jainex Compuware Manufacturing Private Limited | 0 | 0 | 4,00,00,000 |
| Kamlesh Vajubhai Nandaniya | 0 | 0 | 4,00,00,000 |
| Aryadeep Tie-Up Private Limited | 0 | 0 | 4,00,00,000 |
| Kiwi Delcom Private Limited | 0 | 0 | 4,00,00,000 |
| Ayodhya Vincom Private Limited | 0 | 0 | 4,00,00,000 |
| Simplicity Trading | 0 | 0 | 4,00,00,000 |
| Swastik Trading | 0 | 0 | 4,00,00,000 |
| Oswal Industries Limited | 3,00,00,000 | 3,00,00,000 | 0 |
| Pratibha Jain | 0 | 0 | 1,00,00,000 |
| Rubina Khan | 0 | 0 | 50,00,000 |
| Total | 11,75,00,000 | 11,75,00,000 | 73,55,00,000 |
The total conversion represents 6.69% of the total shares held by the participating allottees, significantly bolstering the company's equity base through the preferential allotment mechanism.
Stock Price Movement
As of 12:10, shares of Srestha Finvest Ltd are holding steady at ₹0.27, registering zero percent change for the day. The stock has traded within a distinct intraday range, moving between a low of ₹0.25 and a high of ₹0.27.Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.