Windsor Machines Limited Allots 17 Lakh Equity Shares Following Warrant Conversion
Windsor Machines Limited has completed a significant portion of its capital restructuring after allotting 17,32,405 equity shares to a member of the Promoter Group. This issuance resulted from the conversion of existing warrants issued by the company.The Board of Directors approved the allotment as part of the overall exercise of the preference rights against warrants previously allotted on January 09, 2025. The newly issued equity shares carry a face value of ₹ 2/- each and were allotted at an issue price of ₹ 191.85/-, which includes a premium of ₹ 189.85/- per share.
The allotment was made to Mr. Ramesh Keshubhai Siyani, a member of the Promoter Group. The company received ₹ 24,92,71,424.40 for this portion of the conversion, which represents 75% of the issue price per warrant exercised.
Details pertaining to this specific tranche of the allotment are summarized below:
| Sr. No | Name of Allottee | Category | Warrants Applied For Conversion | Equity Shares Allotted | Amount Received (75% of Issue Price) | Post Conversion Pending Warrants |
|---|---|---|---|---|---|---|
| 1 | Mr. Ramesh Keshubhai Siyani | Promoter Group | 17,32,405 | 17,32,405 | ₹ 24,92,71,424.40/- | Nil |
The conversion of this segment completes the utilization of 17,32,405 out of the previously issued warrants. The company confirmed that all 2,60,62,027 Warrants issued on a preferential basis on January 09, 2025, have now been fully exercised and converted into fully paid-up equity shares.
The conversion has led to an increase in the Issued, Subscribed and Paid-up Equity Share Capital of the company. The capital stood at ₹ 20,34,54,024/- (consisting of 10,17,27,012 fully paid-up Equity Shares of ₹ 2/- each) and has been increased to ₹ 20,69,18,834/- following the allotment of 10,34,59,417 fully paid-up Equity Shares.
The newly allotted equity shares will rank pari passu with the company's existing equity shares and are expected to be listed on exchanges upon receipt of listing approval.
WINDMACHIN Stock Price Movement
Windsor Machines Limited shares climbed, settling at ₹320.35 after closing today, driven by a solid gain of 3.90%. The stock saw significant activity in the post-market trading session, registering a volume of 278,127 shares.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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