Marble City India approves ₹3 crore warrant issue to promoters
- Marble City India allotted 30 lakh convertible warrants to promoters Saket Dalmia and Amit Dalmia
- Issue price set at ₹100 per warrant, raising ₹3 crore in total subscription
- Warrants convertible into equity shares within 18 months upon payment of balance amount
- Transaction approved by shareholders in June 2026 and received BSE in-principle clearance
*this image is generated using AI for illustrative purposes only.
Marble City Limited approved the allotment of 30 lakh convertible warrants to its promoters at a price of ₹100 per warrant during its board meeting on September 17, 2026. The transaction raises ₹3 crore in subscription amount.
The allotment follows shareholder approval granted at the extraordinary general meeting held on June 10, 2026, and in-principle approval from BSE Limited dated September 9, 2026. The company received the initial 25% subscription amount, totaling ₹25 per warrant, as mandated by Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Allotment Details
The warrants are allotted on a preferential basis and rank pari-passu with existing equity shares. Each warrant carries a face value of ₹5 and includes a premium of ₹95.
| Allottee | Category | Warrants Allotted |
|---|---|---|
| Saket Dalmia | Promoter | 15,00,000 |
| Amit Dalmia | Promoter | 15,00,000 |
| Total | 30,00,000 |
Conversion Terms
Holders may exercise their option to convert each warrant into one fully paid-up equity share of face value ₹5 within 18 months from the date of allotment. This conversion requires payment of the remaining 75% of the issue price. Until conversion occurs, the paid-up share capital of the company remains unchanged.
The allotted warrants remain subject to the lock-in period prescribed under Chapter V of the SEBI (ICDR) Regulations, 2018. The board meeting commenced at 5:30 pm and concluded at 6:00 pm.
Historical Stock Returns for Marble City
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.22% | +45.35% | +44.21% | +82.48% | +16.71% | +1,229.79% |
How might the potential dilution of up to 30 lakh equity shares impact Marble City's earnings per share (EPS) and promoter holding percentage over the next 18 months?
What specific strategic projects or debt reduction initiatives is Marble City planning to fund with the ₹3 crore raised through these convertible warrants?
Given the 18-month conversion window, how could fluctuations in Marble City's stock price relative to the ₹100 strike price influence the promoters' decision to exercise or let the warrants expire?
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