NewsComfort Fincap Limited Converts 80.50 Lakh Share Warrants Into Equity Shares, Raises ₹5.43 CroresComfort Fincap Limited Converts 80.50 Lakh Share Warrants Into Equity Shares, Raises ₹5.43 Crores
Comfort Fincap Limited successfully completed the conversion of 80.50 lakh share warrants into equity shares through a preferential allotment approved by the Board of Directors on April 17, 2026. The company raised ₹5.43 crores from four investors, with Luharuka Investment & Consultants Private Limited being the largest participant converting 65.00 lakh warrants. The conversion increased the paid-up equity capital from ₹18.00 crores to ₹19.61 crores, executed in full compliance with SEBI regulations.
*this image is generated using AI for illustrative purposes only.
Comfort fincap Limited has successfully completed the conversion of 80.50 lakh share warrants into equity shares through a preferential allotment process. The Board of Directors approved this conversion through a circular resolution passed on April 17, 2026, marking a significant capital expansion for the financial services company.
Warrant Conversion Details
The conversion involved 80.50 lakh share warrants being transformed into an equal number of equity shares with a face value of ₹2.00 each. The company received the remaining 75% payment from warrant holders at ₹6.75 per warrant, generating total proceeds of ₹5.43 crores.
| Parameter: | Details |
|---|---|
| Total Warrants Converted: | 80.50 lakh |
| Face Value per Share: | ₹2.00 |
| Rate per Warrant: | ₹6.75 |
| Total Amount Received: | ₹5.43 crores |
| Issue Price per Warrant: | ₹9.00 |
Investor Participation
Four investors participated in the warrant conversion process, with Luharuka Investment & Consultants Private Limited being the largest participant. The conversion was completed between April 13-17, 2026.
| Investor Name: | Warrants Converted | Amount Paid | Post Shareholding (%) |
|---|---|---|---|
| Luharuka Investment & Consultants Pvt Ltd: | 65.00 lakh | ₹4.39 crores | 24.37% |
| Kalpesh Nitinkumar Mehta: | 6.00 lakh | ₹40.50 lakh | 0.92% |
| Darshan Mukesh Doshi: | 9.00 lakh | ₹60.75 lakh | 0.92% |
| Jignesh Hansraj Gala: | 50,000 | ₹3.38 lakh | 0.07% |
Capital Structure Impact
The warrant conversion has resulted in a substantial increase in the company's equity capital base. The paid-up equity capital expanded from ₹18.00 crores to ₹19.61 crores, representing an increase of ₹1.61 crores.
| Metric: | Before Conversion | After Conversion | Change |
|---|---|---|---|
| Paid-up Capital: | ₹18.00 crores | ₹19.61 crores | +₹1.61 crores |
| Number of Shares: | 9.00 crores | 9.81 crores | +80.50 lakh |
| Face Value: | ₹2.00 | ₹2.00 | No change |
Regulatory Compliance
The conversion was executed in accordance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The newly allotted equity shares will rank pari-passu with existing equity shares of the company in all respects, ensuring equal rights for all shareholders.
The preferential allotment was conducted under the SEBI ICDR Regulations, 2018, read with the Companies Act, 2013, and associated rules. All required disclosures have been made to the BSE, where the company's shares are listed under scrip code 535267.
Historical Stock Returns for Comfort Fincap
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.30% | -6.06% | +3.40% | -9.31% | -17.57% | +293.78% |
How will Comfort Fincap utilize the ₹5.43 crores raised from warrant conversion to expand its financial services operations?
What impact will Luharuka Investment's increased 24.37% shareholding have on the company's strategic direction and governance?
Could this successful warrant conversion signal potential future fundraising activities or IPO plans for Comfort Fincap?
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