Windsor Machines Limited Allots Equity Shares Upon Conversion of Warrants
Windsor Machines Limited announced the allotment of 7,00,000 equity shares following the conversion of an equal number of equity warrants. The Board of Directors approved the allotment on Friday, March 27, 2026, with an issue price of ₹ 191.85 per share, including a premium of ₹ 189.85. The conversion involved a receipt of ₹ 10,07,21,250.00 from the allottee, who belongs to the Promoter Group Category. The allottee exercised their rights of conversion in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.The allottee, Mr. Rameshbhai Keshubhai Siyani, held 52,12,405 warrants prior to the conversion and now holds 59,12,405 shares, representing 6.68% of the company's total paid-up capital.
Following the conversion, Windsor Machines Limited's issued, subscribed, and paid-up equity share capital increased from ₹ 17,56,44,402, comprising 8,78,22,201 fully paid-up shares, to ₹ 17,70,44,402, now consisting of 8,85,22,201 fully paid-up shares. The new shares will rank pari-passu with existing shares and will be listed on the BSE Limited and National Stock Exchange of India Limited upon receiving listing approval.
| Sr. No | Name of Allottee | Category (Promoter - Non Promoter) | No. of warrants held (prior to conversion ) | No. of warrants applied for conversion | No. of Equity Shares Allotted | Amount received being 75% of the issue price per warrant | No. of warrants pending for conversion |
|---|---|---|---|---|---|---|---|
| 1 | Mr. Rameshbhai Keshubhai Siyani | Promoter Group | 52,12,405 | 7,00,000 | 7,00,000 | ₹ 10,07,21,25 0.00/- | 45,12,405 |
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