Arihant Foundations & Housing Allots 2,45,000 Equity Shares Upon Conversion of Warrants
Arihant Foundations & Housing Limited allotted 2,45,000 fully paid-up equity shares at Rs. 480/- per share, including a premium of Rs. 470/-, upon conversion of an equal number of warrants on May 09, 2026. The allotment was made to Mr. Kamal Lunawath (Promoter, 1,70,000 shares) and Mr. Pranay Marlecha (Non-Promoter, 75,000 shares) on a preferential basis. Following this allotment, the company's paid-up equity share capital rose from Rs. 9,96,56,240 to Rs. 10,21,06,240, comprising 1,02,10,624 equity shares of Rs. 10/- each. The shares were allotted in dematerialised form and rank pari-passu with existing equity shares.

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Arihant Foundations & Housing Limited has allotted 2,45,000 fully paid-up equity shares of face value Rs. 10/- each at an issue price of Rs. 480/- per share, inclusive of a premium of Rs. 470/- per share. The allotment was made pursuant to the exercise of conversion rights by warrant holders, following the receipt of the balance 75% of the issue price amounting to Rs. 360/- per warrant. The Board of Directors approved this allotment through a Circular Resolution on May 09, 2026, in continuation of the earlier disclosure dated November 16, 2024, relating to the allotment of convertible warrants on a preferential basis.
Allotment Details
The 2,45,000 equity shares were allotted to two investors — one from the promoter category and one from the non-promoter category. The following table provides a breakdown of the allotment:
| Particulars: | Details |
|---|---|
| Type of Securities | Equity Shares |
| Type of Issuance | Preferential Allotment pursuant to conversion of Warrants |
| Total Shares Allotted | 2,45,000 Equity Shares of face value Rs. 10/- each |
| Issue Price | Rs. 480/- per share (including premium of Rs. 470/- per share) |
| Nature of Consideration | Cash (balance 75% warrant subscription amount received) |
| Number of Investors | 2 |
Investor-Wise Breakdown
The allotment was distributed between a promoter and a non-promoter investor as detailed below:
| Allottee: | Category | Shares Allotted |
|---|---|---|
| Mr. Kamal Lunawath | Promoter | 1,70,000 |
| Mr. Pranay Marlecha | Non-Promoter | 75,000 |
| Total | 2,45,000 |
Impact on Paid-Up Share Capital
Consequent to this allotment, the paid-up equity share capital of the company has increased as outlined below:
| Parameter: | Before Allotment | After Allotment |
|---|---|---|
| Paid-Up Capital | Rs. 9,96,56,240 | Rs. 10,21,06,240 |
| Number of Equity Shares | 99,65,624 | 1,02,10,624 |
| Face Value per Share | Rs. 10/- | Rs. 10/- |
Allotment Terms and Compliance
The equity shares have been allotted in dematerialised form and shall rank pari-passu in all respects with the existing equity shares of the company. The disclosure has been made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with the SEBI Master Circular dated January 30, 2026. The conversion was triggered upon receipt of the total consideration for the 2,45,000 convertible warrants, completing the exercise of conversion rights by the warrant holders.
Historical Stock Returns for Arihant Foundations & Housing
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.00% | -2.15% | -1.81% | -1.81% | -1.81% | -1.81% |
How might the ~2.46% dilution in equity share capital from this preferential allotment impact Arihant Foundations' earnings per share and return on equity metrics in upcoming quarterly results?
Are there any remaining unexercised convertible warrants outstanding from the November 2024 preferential allotment that could trigger further equity dilution in future periods?
What strategic initiatives or capital deployment plans does Arihant Foundations intend to fund with the approximately Rs. 11.76 crore raised through this warrant conversion?


































