NewsCorporate ActionsAviva Industries Limited Allots 32.40 Lakh Equity Warrants Worth ₹90.72 Crores on Preferential BasisAviva Industries Limited Allots 32.40 Lakh Equity Warrants Worth ₹90.72 Crores on Preferential Basis
Aviva Industries Limited has allotted 32,40,000 fully convertible equity warrants worth ₹90.72 crores to two non-promoter investors at ₹28.00 per warrant on January 08, 2026. The warrants, issued following AGM approval and BSE clearance, are convertible into equity shares within 18 months, with each allottee receiving 16,20,000 warrants representing 6.22% post-conversion shareholding.
*this image is generated using AI for illustrative purposes only.
Aviva Industries Limited has completed the allotment of 32,40,000 fully convertible equity warrants on a preferential basis to two non-promoter investors on January 08, 2026. The board of directors approved this allotment during their meeting held at the company's registered office, generating a total consideration of ₹90.72 crores.
Warrant Allotment Details
The warrants were issued at ₹28.00 per warrant, which includes a premium of ₹18.00 per warrant. The allotment was made in the first tranche following the special resolution passed by members during the Annual General Meeting on September 30, 2025, and the in-principle approval granted by BSE on January 02, 2026.
| Parameter: | Details |
|---|---|
| Total Warrants Allotted: | 32,40,000 |
| Issue Price: | ₹28.00 per warrant |
| Premium: | ₹18.00 per warrant |
| Total Consideration: | ₹90.72 crores |
| Allotment Date: | January 08, 2026 |
Allottee Information
The warrants have been allocated equally between two non-promoter category investors:
| Allottee Name: | Category | Warrants Allocated | Post-Issue Shareholding* |
|---|---|---|---|
| Parmar Alkeshbhai Ratanbhai | Non-Promoter | 16,20,000 | 6.22% |
| Solanki Arjunsinh Gambhirsainh | Non-Promoter | 16,20,000 | 6.22% |
*Post-issue shareholding calculated assuming full exercise of warrants and consequent allotment of equity shares.
Conversion Terms and Compliance
Each warrant is convertible into an equivalent number of fully paid-up equity shares with a face value of ₹10.00 each. The warrant holders have a maximum period of 18 months from the allotment date to exercise their conversion option. The company has received 25% of the consideration amount upfront from the proposed allottees, as required under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
The remaining 75% of the consideration amount will be payable by the allottees upon exercising their conversion option. The allotment was conducted in accordance with Chapter V of SEBI (ICDR) Regulation 2018 and the Companies Act, 2013. Since warrants have been allotted rather than equity shares, there is currently no change in the company's paid-up share capital.
Regulatory Framework
The allotment process was completed following all necessary regulatory approvals and compliance requirements. The board meeting commenced at 4:30 PM and concluded at 5:00 PM on January 08, 2026. The number of equity shares to be allotted upon warrant exercise will be subject to appropriate adjustments as permitted under applicable rules, regulations, and laws.
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