Atmastco promoter acquires 18 lakh warrants, increases holding
Subramaniam Swaminathan Iyer, Promoter and Managing Director of Atmastco Limited, acquired 18,00,000 convertible equity warrants on June 24, 2026, increasing his total holding to 34.81% of the paid-up capital. The preferential allotment was disclosed under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company's equity share capital rose to 2,61,58,290 shares, with total diluted capital reaching 2,84,08,290 shares.
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Subramaniam Swaminathan Iyer, Promoter and Managing Director of atmastco , has acquired 18,00,000 convertible equity warrants through a preferential allotment on June 24, 2026. This acquisition increases his stake in the company, impacting both the paid-up and diluted share capital structures. The disclosure was submitted to the National Stock Exchange of India Limited in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Prior to this transaction, Iyer held 73,04,277 shares carrying voting rights, representing 29.53% of the total share capital. Following the allotment of warrants, his total holding stands at 91,04,277 shares and warrants. This translates to 34.81% of the total paid-up share capital and 32.05% of the total diluted share capital, assuming full conversion of the outstanding convertible securities.
Acquisition Details
The acquisition details provided by the acquirer outline the specific changes in shareholding percentages and the mode of transaction.
| Date of Acquisition | No of Warrants acquired | % of total paid-up shares capital | Mode of acquisition |
|---|---|---|---|
| 24.06.2026 | 18,00,000 | 6.88 | Preferential Allotment (Convertible Equity Warrants) |
Capital Structure Changes
The allotment has altered the equity share capital and total diluted share capital of the company. The equity share capital before the acquisition was 2,47,34,690 equity shares of INR 10/- each. Post-allotment, the equity share capital increased to 2,61,58,290 equity shares. The total diluted share capital, accounting for the conversion of warrants, stands at 2,84,08,290 equity shares of INR 10/- each.
The company issued 14,23,600 equity shares and 22,50,000 convertible share warrants to promoters, promoter group, and other strategic investors on June 24, 2026, as per the SEBI (ICDR) Regulations 2018. The diluted share capital figures assume the full conversion of these outstanding convertible securities into equity shares.
Historical Stock Returns for Atmastco
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.00% | -2.79% | -6.90% | +23.27% | -26.43% | +69.39% |
What is the conversion price and timeline for these warrants, and how might it impact the company's equity dilution in the future?
How does the promoter plan to utilize the funds raised through this preferential allotment?
What strategic initiatives or expansion plans might the company pursue with the increased capital?
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