Cosmic CRF Limited Completes Conversion of 18,600 Share Warrants into Equity Shares
Cosmic CRF Limited successfully executed the conversion of 18,600 share warrants into equity shares following board approval on March 26, 2026. The conversion was completed at Rs.1614 per share, raising Rs.3.00 crores from promoter group entities including Mrs. Purvi Birla and Aditya Vikram Birla HUF, increasing the company's paid-up capital to Rs.9.21 crores.
*this image is generated using AI for illustrative purposes only.
Cosmic CRF Limited has successfully completed the conversion of 18,600 share warrants into equity shares following the board meeting held on March 26, 2026. The board meeting, which was previously scheduled and notified on March 23, 2026, concluded with the approval and execution of the warrant conversion process.
Board Meeting Outcome
The board meeting was conducted as scheduled with the following specifications:
| Parameter: | Details |
|---|---|
| Date: | March 26, 2026 |
| Time: | 11:00 AM to 11:35 AM |
| Venue: | Registered office of the Company |
| Reference: | CCL/BSE/2025-26/55 |
Warrant Conversion Details
The board approved and completed the conversion of share warrants with specific financial terms:
| Transaction Details: | Specifications |
|---|---|
| Warrants Converted: | 18,600 |
| Face Value per Share: | Rs.10.00 |
| Issue Price per Share: | Rs.1,614.00 |
| Securities Premium: | Rs.1,604.00 |
| Total Amount Raised: | Rs.3,00,20,400.00 |
Financial Impact on Capital Structure
The warrant conversion has resulted in changes to the company's capital structure:
| Capital Component: | Before Allotment | After Allotment | Change |
|---|---|---|---|
| Number of Shares: | 91,87,643 | 92,06,243 | +18,600 |
| Issued Capital: | Rs.9,18,76,430.00 | Rs.9,20,62,430.00 | +Rs.1,86,000.00 |
| Paid-up Capital: | Rs.9,18,76,430.00 | Rs.9,20,62,430.00 | +Rs.1,86,000.00 |
Allottee Details and Shareholding Changes
The warrant conversion involved promoter group entities with the following allocation:
| Allottee: | Category | Shares Allotted | Post-Conversion Holding | Shareholding % |
|---|---|---|---|---|
| Mrs. Purvi Birla: | Promoters Group | 6,300 | 7,56,300 | 8.21% |
| Aditya Vikram Birla HUF: | Promoters Group | 12,300 | 17,300 | 0.19% |
| Total: | 18,600 | 7,73,600 | 8.40% |
Payment Structure and Compliance
The conversion involved a two-stage payment process where warrant holders paid Rs.403.50 per warrant as subscription amount and Rs.1,210.50 per warrant as exercise price, totaling Rs.2,25,15,300.00 as balance exercise price. The newly allotted equity shares rank pari passu with existing equity shares in all respects.
The company has informed BSE Limited about the completion under Regulation 30 of SEBI Listing Regulations, with Company Secretary & Compliance Officer Priya Sayani signing the disclosure documents to ensure regulatory compliance.
Historical Stock Returns for Cosmic CRF
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +10.00% | +7.31% | -36.14% | -40.12% | -51.46% | +184.94% |
Will Cosmic CRF Limited issue additional warrants or equity instruments to further strengthen its capital base following this successful conversion?
How does the company plan to utilize the Rs.3 crore raised from warrant conversion to drive future growth and expansion initiatives?
Could this warrant conversion signal preparation for larger strategic moves such as acquisitions or major capital expenditure projects?
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