Sudarshan Chemical Industries Ltd Allots 9,80,000 Equity Shares Following Warrant Conversion
Sudarshan Chemical Industries Ltd has approved the allotment of 9,80,000 fully paid-up equity shares to Mr. Rajesh Balkrishna Rathi following the conversion of warrants issued earlier through a preferential issue. This transaction significantly impacts the company's capital structure and promoter holding details, according to the announcement dated June 10, 2026.The allotment is pursuant to the conversion of 9,80,000 warrants that were originally granted via a private placement offer. The Warrants, which were issued with a face value of Rs. 2/- each and an issue price of Rs. 1,019.75 per Warrant, were initially subscribed by Mr. Rajesh Balkrishna Rathi, a member of the company's promoter group.
Transaction Details and Financial Flow
The transaction history details that the company received 25% of the consideration amount upon warrant subscription, totaling Rs. 24,98,41,200/-. Subsequently, Mr. Rajesh Balkrishna Rathi exercised the conversion of the warrants and remitted the remaining 75% of the consideration, amounting to Rs. 74,95,13,800/-.The allotment committee approved the issuance of 9,80,000 equity shares corresponding to the converted warrants. These new Equity Shares are stated to rank pari-passu with all existing fully paid-up Equity Shares of Sudarshan Chemical Industries Ltd and are subject to a lock-in period as specified by regulations.
Impact on Paid Up Capital
The allotment has resulted in an increase in the company's paid up Equity share capital. The pre-allotment status stood at 7,86,27,576 equity shares with a corresponding amount of Rs. 15,72,55,152. Following this event, the post allotment Paid-up Equity Share Capital stands at 7,96,07,576 shares, representing a total amount of Rs. 15,92,15,152.The financial status changes are presented in the table below:
| Particulars | No. of Equity Shares | Amount (in Rs.) |
|---|---|---|
| Existing Paid up Equity Share Capital | 7,86,27,576 | 15,72,55,152 |
| Post Allotment Paid up Equity Share Capital | 7,96,07,576 | 15,92,15,152 |
Promoter Holding Details
The transaction also impacts the shareholding details of the promoter and promoter group. Pre-allotment, the Promoter and Promoter Group held 64,40,604 shares, which represented 8.19% of the company's equity. Post allotment, the holding increased to 74,20,604 shares, corresponding to a 9.32% stake in the company.Details concerning the promoter group and shareholding are as follows:
| Particulars | Pre-Allotment of Equity Shares | Post Allotment of Equity Shares |
|---|---|---|
| Shares held | 64,40,604 | 74,20,604 |
| Percentage | 8.19% | 9.32% |
SUDARSCHEM Stock Price Movement
Sudarshan Chemical Industries Limited shares slipped today by 4.25%, settling at ₹854.05 in after-hours trading. The stock saw a traded volume of 187,447 shares during the day.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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