Vintage Coffee And Beverages Ltd Allots Equity Shares Following Conversion of Warrants by Promoter
Vintage Coffee And Beverages Limited announced that its Board of Directors has approved the allotment of 8,00,000 equity shares upon the conversion of convertible warrants held by Mr. Tati Sai Teja. The approval was granted following a Circular Resolution passed on July 7, 2026.The company allotted the new shares to Mr. Tati Sai Teja, categorized as a Promoter, at an issue price of Rs. 124/- per Equity Share. These equity shares are fully paid-up and have a face value of Rs. 10/- each, carrying a premium of Rs. 114/-, aggregating to a total consideration of Rs. 9,92,00,000/- (Rupees Nine Crores Ninety-two Lakhs Only).
This action pertains to the conversion of 8,00,000 warrants that were originally among 15,00,000 fully convertible warrants issued by the company. The conversion maintains a 1:1 ratio, meaning one equity share was allotted for every warrant exercised.
Details regarding the allotment and conversion are summarized below:
| Particulars | Details |
|---|---|
| Type of Securities Issued | Equity Shares of face value Rs. 10/- each upon exercise of warrants. |
| Type of Issuance | Preferential Allotment by conversion of Convertible Warrants into Equity. |
| Investor Name | Mr. Tati Sai Teja |
| Allotted Quantity | 8,00,000 equity shares |
| Issue Price per Share | Rs. 124/- |
| Total Consideration | Rs. 9,92,00,000/- |
The company had previously allotted the warrants to Mr. Tati Sai Teja. The total consideration received against this specific conversion amounted to Rs. 9,92,00,000/-.
VINCOFE Stock Price Movement
Today, shares of Vintage Coffee And Beverages Limited edged higher, rallying 5.27% in post-market trading to settle near ₹161.16. The stock recorded a robust day, with volumes reaching 7.24 million shares and charting an intraday low of ₹153.10.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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