Rama Petrochemicals Converts 20.99 Lakh Warrants into Equity Shares, Raises ₹1.57 Crore
Rama Petrochemicals Limited converted 20,99,750 warrants into equity shares on April 13, 2026, raising ₹1,57,48,125 at an exercise price of ₹7.50 per warrant. Two promoter group entities participated in the conversion, with the company's paid-up share capital increasing from ₹13,32,06,000 to ₹15,42,03,500. The newly issued shares rank pari-passu with existing equity shares and the process was completed in compliance with SEBI regulations.
*this image is generated using AI for illustrative purposes only.
Rama Petrochemicals Limited has completed the conversion of 20,99,750 warrants into equity shares on April 13, 2026, marking the successful execution of its third tranche warrant conversion process. The Board of Directors approved this conversion through a circular resolution, raising ₹1,57,48,125 from the exercise of conversion rights by warrant holders.
Warrant Conversion Details
The conversion involved 20,99,750 warrants being converted into an equal number of equity shares with a face value of ₹10.00 each. The warrant holders paid an exercise price of ₹7.50 per warrant, representing 75% of the original warrant issue price of ₹10.00 per warrant.
| Parameter: | Details |
|---|---|
| Total Warrants Converted: | 20,99,750 |
| Face Value per Share: | ₹10.00 |
| Exercise Price per Warrant: | ₹7.50 |
| Total Amount Raised: | ₹1,57,48,125 |
| Original Warrant Issue Price: | ₹10.00 |
Allottee Information
The warrant conversion was executed by two promoter group entities, demonstrating continued commitment from the company's promoter group.
| Allottee: | Category | Warrants Converted | Amount Paid (₹) |
|---|---|---|---|
| Rama Industries Limited: | Promoter Group | 12,72,332 | 95,42,490 |
| Rainbow Agri Industries Limited: | Promoter Group | 8,27,418 | 62,05,635 |
| Total: | 20,99,750 | 1,57,48,125 |
Impact on Share Capital
The warrant conversion has resulted in a significant increase in the company's paid-up equity share capital. The newly allotted equity shares will rank pari-passu with existing equity shares in all respects, including dividend rights.
| Metric: | Before Conversion (₹) | After Conversion (₹) |
|---|---|---|
| Paid-up Equity Share Capital: | 13,32,06,000 | 15,42,03,500 |
| Increase: | 2,09,97,500 |
Regulatory Compliance
The allotment was conducted in accordance with SEBI ICDR Regulations, 2018, and the company has fulfilled all disclosure requirements under Regulation 30 of the SEBI Listing Regulations. The warrants were originally allotted on March 21, 2025, with warrant holders having paid 25% of the issue price initially at ₹2.50 per warrant. The current conversion represents the payment of the remaining 75% balance amount.
The conversion process was executed on a preferential allotment basis through private placement, with all regulatory formalities completed as per SEBI guidelines. The company has made the relevant information available on its website at www.ramapetrochemicals.com for stakeholder reference.
How will the increased paid-up capital of ₹15.42 crores be deployed by Rama Petrochemicals for business expansion or debt reduction?
Are there any remaining warrant tranches pending conversion, and what is the timeline for complete warrant monetization?
Will the dilution from 20.99 lakh new equity shares impact the company's earnings per share and dividend policy going forward?
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