Z-Tech Increases Capital Through Preferential Allotment of Equity Shares Against Warrant Conversion
Z-Tech (India) Limited has reported a significant increase in its paid-up equity share capital following the allotment of 2,05,000 equity shares. This allotment was made to individuals belonging to the Non-Promoter Group Category upon the conversion of equivalent numbers of warrants.The Board Meeting held on July 10, 2026, reviewed and approved the allotment at an issue price of Rs 500 per share, which includes a premium of Rs 490 per share. The shares were allotted against the conversion of company warrants. Z-Tech confirmed that the transaction was completed upon receipt of the balance consideration, totaling Rs 7,68,75,000/- (Seven Crore Sixty-Eight Lacs Seventy-Five Thousand only), representing 75% of the issue price per warrant.
The details pertaining to the allottees and their respective transactions are as follows:
| Name of the Allottee | Category | No of Warrants Held | No of Equity Shares Allotted | Amount Received (75% of Issue Price) | No of Warrants Pending |
|---|---|---|---|---|---|
| Growing Tree Family Trust | Non-Promoter | 2,00,000 | 2,00,000 | Rs 7,50,00,000 | Nil |
| Nidhi Goel | Non-Promoter | 5,000 | 5,000 | Rs 18,75,000 | Nil |
Following the completion of this allotment and conversion, Z-Tech's issued, subscribed, and paid-up Equity Share Capital has increased to Rs 14,76,44,480/-. This capital consists of 1,47,64,448 fully paid-up Equity Shares of Rs 10 each. The newly allotted equity shares are pari-passu with the existing equity shares of the company.
The information regarding this preferential allotment, which involved the conversion of warrants into fully paid-up equity shares, is detailed below:
| Item | Details |
|---|---|
| Type of Securities | Fully paid-up equity shares upon conversion of share warrants. |
| Type of Issuance | Preferential allotment on Private Placement Basis. |
| Total Shares Issued | 2,05,000 equity shares of face value Rs 10/- each, against the receipt of balance subscription amount of Rs 375 per warrant (totaling INR Rs 7,68,75,000 /-). |
| Investors | Growing Tree Family Trust and Nidhi Goel. |
| Post Allotment Capital | Paid-up capital stands at Rs 14,76,44,480/, comprising 1,47,64,448 fully paid up Equity Shares of Rs 10/-each. |
The company reported that consequent to the warrants conversion and equity shares allotment, there are 14,29,800 warrants still pending for future conversion.
ZTECH Stock Price Movement
Shares of Z-Tech (India) Limited settled lower today, shedding 0.51% after closing at ₹590.3. The equity traded within an intraday range spanning from the low of ₹590.1 to a high of ₹606.95.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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