Arihant Foundations & Housing Allots 2,45,000 Equity Shares Upon Conversion of Warrants

2 min read     Updated on 09 May 2026, 09:21 PM
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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 Day5 Days1 Month6 Months1 Year5 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?

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Arihant Foundations & Housing Limited Allots ₹110 Crore Non-Convertible Debentures on Private Placement Basis

1 min read     Updated on 11 Mar 2026, 08:01 PM
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Arihant Foundations & Housing Limited has completed the allotment of 110 non-convertible debentures worth ₹110 crores on March 11, 2026. The unlisted, unsecured, redeemable NCDs carry a face value of ₹1 crore each and have been issued on private placement basis with a 48-month tenure. The debentures will be redeemed at par value upon maturity and have been allotted to a private limited company in compliance with Companies Act, 2013 and SEBI LODR Regulations.

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Arihant foundations & housing Limited has successfully completed the allotment of non-convertible debentures worth ₹110 crores, marking a significant fundraising milestone for the company. The Board of Directors approved this allotment on March 11, 2026, following their earlier communication dated February 19, 2026.

Debenture Allotment Details

The company has allotted 110 unlisted, unsecured, redeemable non-convertible debentures on a private placement basis. Each debenture carries a face value of ₹1,00,00,000, bringing the total issue size to ₹1,10,00,00,000. The NCDs have been allotted to a private limited company that is duly incorporated under the Companies Act, 2013.

Parameter: Details
Type of Securities: Unlisted, Unsecured, Redeemable, Non-Convertible Debentures
Issue Size: ₹1,10,00,00,000
Number of NCDs: 110
Face Value: ₹1,00,00,000 per NCD
Issue Price: ₹1,00,00,000 per NCD
Tenure: 48 Months
Date of Allotment: March 11, 2026
Redemption: Redemption on Maturity at Par
Listing Status: Unlisted

Regulatory Compliance and Structure

The NCD issuance has been structured in full compliance with regulatory requirements. The company has adhered to the provisions of the Companies Act, 2013 and applicable rules made thereunder. The disclosure has been made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Features

The debentures carry several notable characteristics that define their investment profile:

  • Unsecured Nature: The NCDs are not backed by any specific collateral or security
  • Private Placement: The issue was conducted on a private placement basis rather than a public offering
  • Fixed Tenure: The 48-month tenure provides a defined investment horizon
  • Par Redemption: Investors will receive the full face value upon maturity
  • Unlisted Status: The debentures will not be traded on stock exchanges

The successful completion of this NCD allotment demonstrates Arihant Foundations & Housing Limited's ability to access private debt markets for its funding requirements. The company's Chief Executive Officer, Arun Rajan, has formally communicated this development to the stock exchange, ensuring full transparency and regulatory compliance.

Historical Stock Returns for Arihant Foundations & Housing

1 Day5 Days1 Month6 Months1 Year5 Years
-2.00%-2.15%-1.81%-1.81%-1.81%-1.81%
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1 Year Returns:-1.81%