NewsCorporate ActionsAviva Industries Limited Completes Allotment of 1.01 Crore Equity Warrants Worth ₹28.32 CroresAviva Industries Limited Completes Allotment of 1.01 Crore Equity Warrants Worth ₹28.32 Crores
Aviva Industries Limited completed the allotment of 1,01,15,000 fully convertible equity warrants worth ₹28.32 crores to seven non-promoter investors on January 06, 2026. The warrants were issued at ₹28.00 per warrant with an 18-month conversion period, following approvals from shareholders and BSE. The company received 25% consideration upfront as per SEBI regulations.
*this image is generated using AI for illustrative purposes only.
Aviva Industries Limited has successfully completed the allotment of 1,01,15,000 fully convertible equity warrants to seven non-promoter investors on January 06, 2026, marking a significant capital raising initiative for the company. The warrants were issued at ₹28.00 per warrant, including a premium of ₹18.00 per warrant, generating approximately ₹28.32 crores for the company in this first tranche.
Warrant Allotment Details
The Board of Directors approved the allotment following the special resolution passed by members in the Annual General Meeting held on September 30, 2025, and subsequent in-principle approval granted by BSE on January 02, 2026. The allotment was conducted in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
| Parameter | Details |
|---|---|
| Total Warrants Allotted | 1,01,15,000 |
| Issue Price per Warrant | ₹28.00 |
| Premium per Warrant | ₹18.00 |
| Total Amount Raised | ₹28.32 crores |
| Number of Allottees | 7 investors |
| Allottee Category | Non-Promoter |
Investor Allocation Breakdown
The warrants have been distributed among seven non-promoter investors, with allocations ranging from 4.90 lakh to 16.20 lakh warrants per investor. The largest allocations went to Rathod Papubhai Babubhai and Rameshbhai Kukabhai Bamniya, each receiving 16,20,000 warrants.
| Investor Name | Warrants Allocated | Post-Issue Shareholding* |
|---|---|---|
| Yogeshkumar Bamaniya | 4,90,000 | 4.22% |
| Rathod Papubhai Babubhai | 16,20,000 | 13.95% |
| Parmar Rajubhai Senabhai | 16,00,000 | 13.78% |
| Pareshbhai Bamaniya | 15,90,000 | 13.69% |
| Mavi Vijay Kanubhai | 16,15,000 | 13.90% |
| Pruthviraj Jesingbhai Rathod | 15,80,000 | 13.60% |
| Rameshbhai Kukabhai Bamniya | 16,20,000 | 13.95% |
*Calculated assuming full exercise of warrants and consequent allotment of equity shares
Conversion Terms and Timeline
Each fully convertible equity warrant can be converted into equivalent fully paid-up equity shares with a face value of ₹10.00 each. The conversion option is available to warrant holders within a maximum period of 18 months from the allotment date of January 06, 2026. The company has received 25% of the consideration amount upfront from the proposed allottees, as mandated under SEBI regulations, with the remaining 75% payable upon exercise of the conversion option.
Regulatory Compliance and Impact
The warrant allotment was conducted under the preferential allotment framework in accordance with Chapter V of SEBI (ICDR) Regulation 2018 and the Companies Act, 2013. As these are warrants and not direct equity shares, there is currently no change in the company's paid-up share capital. The Board meeting to approve the allotment was held on January 06, 2026, commencing at 4:00 PM and concluding at 4:30 PM at the company's registered office.
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