Vision Infra Equipment Solutions Limited Approves Issuance of Non-Convertible Debentures and Conversion of Warrants
Vision Infra Equipment Solutions Limited has announced that its Board of Directors approved the issuance of Non-convertible Debentures (NCDs) and the conversion of convertible warrants into equity shares during a meeting held on July 17, 2026.Approval for Non-Convertible Debenture Issuance
The Company received approval to issue Non-convertible Debentures in one or more tranches on a private placement basis. The total aggregate principal amount for the issuance is set at up to INR 200,00,00,000 (Indian Rupees Two Crore). These instruments may be listed or unlisted, and can be senior secured, senior unsecured, unsecured, subordinated, rated, or unrated, as determined by the Company.The Board has authorized the Finance Committee of the Board to oversee the issuance process. This includes determining the timing of each tranche and finalizing commercial terms such as coupon rates, tenure, security, and listing status. The actual allotment of the debentures will be conducted in tranches as approved by the authorized committee.
Details of Proposed Non-Convertible Debenture Issuance
| Parameter | Details |
|---|---|
| Type of Securities | Non-convertible Debentures (listed/unlisted, secured/unsecured, etc.) |
| Type of Issuance | Private placement |
| Total Amount | Up to INR 200,00,00,000 in one or more tranches |
| Listing Status | To be determined for each tranche |
| Tenure and Coupon | To be determined for each tranche |
| Security/Charge | To be determined for each tranche |
Conversion of Convertible Warrants into Equity Shares
In a separate transaction, the Board approved the conversion of 2,00,000 convertible warrants into 2,00,000 equity shares of the Company. The conversion was executed at a price of ₹250 per equity share (including a premium of ₹240) on a 1:1 ratio basis.The equity shares, which have a face value of ₹10 each, were allotted to non-promoters of the Company following the receipt of the full subscription amount.
Conversion Details and Allotment Summary
| Particulars | Details |
|---|---|
| Type of Security | Equity Shares (Face Value ₹10) |
| Type of Issuance | Preferential Allotment via conversion of warrants |
| Total Number of Securities | 2,00,000 Equity Shares |
| Issue Price | ₹250 per share |
The following table outlines the specific allotment details for the investors involved in the conversion:
| Name of Allottee | Warrants Held Before Conversion | Warrants Applied for Conversion | Amount Received (75% of issue price) | No. of Equity Shares Allotted |
|---|---|---|---|---|
| Sonali Jain | 1,60,000 | 1,60,000 | ₹3,00,00,000 | 1,60,000 |
| Saurav Jain | 40,000 | 40,000 | ₹75,00,000 | 40,000 |
VIESL Stock Price Movement
Vision Infra Equipment Solutions Limited shares are slipping by 0.68% to ₹313.7 as of 12:01 PM today in live trading. The stock is seeing significant activity with a volume of 28,000 shares traded since the session began.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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