Valiant Communications Ltd Allots 2.5 Lakh Equity Shares Through Conversion of Warrants
Valiant Communications Ltd announced that its Preferential Issue Committee approved the allotment of 2,50,000 Equity Shares. The shares are resulting from the earlier conversion of fully convertible Warrants into Equity Shares, an action that impacts the company's capital structure.The members of the Preferential Issue Committee of the Board of Directors of Valiant Communications Limited approved the allotment of 2,50,000 Equity Shares, each having a face value of ~10/-. This transaction relates to the conversion of 2,50,000 fully convertible Warrants ('Warrants') into Equity Shares. These Warrants were initially allotted on November 27, 2025, through a private placement basis at an issue price of ~768/- each.
The shares were allocated to several non-promoter allottees:
| Allottee Name | Category | Number of Equity Shares Allotted |
|---|---|---|
| Rajiv Khanna | Non-Promoter | 25,000 |
| Prajesh Maroo | Non-Promoter | 25,000 |
| Niveshaay Hedgehogs Fund | Non-Promoter | 1,00,000 |
| Niveshaay Sambhav Fund | Non-Promoter | 1,00,000 |
| Total | Total | 2,50,000 |
The allotment of 2,50,000 Equity Shares increases the Paid-up Equity Share Capital of the Company to ~11,69,20,900/- (Rupees Eleven Crore Sixty-Nine Lakh Twenty Thousand and Nine Hundred only). This capital is comprised of 1,16,92,090 (One Crore Sixteen Lakh Ninety-Two Thousand and Ninety only) Equity Shares, each with a face value of ~10/-.
Following the current allotment, the company confirmed that 3,50,000 (Three Lakh Fifty Thousand) Convertible Warrants remain outstanding and available for future conversion.
Stock Price Movement
As of 11:15, shares of Valiant Communications Ltd. are ticking up, currently trading at ₹942.70, marking an increase of 0.18%. Throughout the session, the stock traded within a notable intraday range, hitting a low of ₹920.20 before climbing sharply towards ₹950.00.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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