Mardia Samyoung Capillary Tubes Allots 1.17 Crore Equity Shares Through Warrant Conversions
Mardia Samyoung Capillary Tubes Company Limited executed two separate warrant conversion exercises, allotting a combined 1,17,15,000 equity shares through board meetings held on April 11 and April 13, 2026. The conversions involved three non-promoter investors and increased the company's paid-up capital significantly to INR 79,44,80,730, demonstrating successful capital expansion and investor confidence.

*this image is generated using AI for illustrative purposes only.
Mardia Samyoung Capillary Tubes Company Limited has completed multiple warrant conversions, resulting in the allotment of 1,17,15,000 equity shares through the conversion of fully convertible equity warrants. The company has conducted two separate warrant conversion exercises, significantly expanding its equity base and paid-up capital.
Initial Warrant Conversion - April 11, 2026
The first warrant conversion was approved by the board of directors during their meeting on April 11, 2026, involving 78,15,000 equity shares. These warrants were originally allotted on February 06, 2026, at an issue price of INR 13.50 per warrant on a preferential basis to non-promoter category investors.
| Parameter: | Details |
|---|---|
| Total Warrants Converted: | 78,15,000 |
| Face Value per Share: | INR 10 |
| Original Issue Price: | INR 13.50 per warrant |
| Allotment Date: | February 06, 2026 |
| Conversion Date: | April 11, 2026 |
Second Warrant Conversion - April 13, 2026
The board conducted another meeting on April 13, 2026, approving the conversion of an additional 39,00,000 fully convertible equity warrants. These warrants were also originally allotted to a non-promoter investor on February 06, 2026, at the same issue price of INR 13.50 per warrant.
| Conversion Details: | Second Allotment |
|---|---|
| Warrants Converted: | 39,00,000 |
| Allottee: | Gavali Hitendrabhai Bayajebhai |
| Category: | Non-Promoter |
| Meeting Time: | 05:30 PM to 06:00 PM |
Combined Allottee Distribution
The total equity shares from both conversions have been distributed among three non-promoter investors, demonstrating broad-based investor participation in the company's equity expansion.
| Allottee Name: | Category | Shares Allotted |
|---|---|---|
| Patel Biralkumar Rajeshbhai: | Non-Promoter | 39,50,000 |
| Shaikh Sajidbhai Rahimbhai: | Non-Promoter | 38,65,000 |
| Gavali Hitendrabhai Bayajebhai: | Non-Promoter | 39,00,000 |
| Total: | 1,17,15,000 |
Impact on Share Capital Structure
The combined warrant conversions have resulted in a substantial increase in the company's paid-up equity share capital, reflecting successful capital raising activities and providing enhanced financial resources for business operations.
| Capital Structure: | Initial | After First Conversion | After Second Conversion |
|---|---|---|---|
| Paid-up Capital: | INR 67,73,30,730 | INR 75,54,80,730 | INR 79,44,80,730 |
| Number of Shares: | 6,77,33,073 | 7,55,48,073 | 7,94,48,073 |
| Face Value: | INR 10 per share | INR 10 per share | INR 10 per share |
Both warrant conversions were conducted in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance. The successful completion of these conversions demonstrates strong investor confidence in the company's prospects and provides substantial additional equity capital for future growth initiatives.
How will Mardia Samyoung utilize the additional INR 15.83 crore raised from these warrant conversions to drive future growth?
What impact will the 17.3% increase in share count have on existing shareholders' earnings per share and voting rights dilution?
Are there any remaining unconverted warrants in the company's books that could lead to further equity dilution?

























