Candour Techtex Limited has announced the successful conversion of 4,00,000 share warrants into equity shares, marking a significant capital expansion for the textile engineering company. The Board of Directors approved this allotment on December 12, 2025, following the exercise of conversion rights by the warrant holder.

Warrant Conversion Details

The company allotted 4,00,000 equity shares of face value ₹10.00 each to Mangal Keshav Capital Limited, a non-promoter entity. The conversion was executed at a specific pricing structure that reflects the original warrant terms.

The exercise price of ₹62.78 per warrant represents 75% of the original warrant exercise price of ₹83.70 per warrant. This pricing mechanism indicates that the warrant holders had already paid 25% of the exercise price at the time of initial warrant allotment.

Outstanding Warrant Position

The current conversion is part of a larger warrant allocation to Mangal Keshav Capital Limited. The company provided a comprehensive breakdown of the warrant status:

This indicates that Mangal Keshav Capital Limited still holds 8,00,000 warrants that remain available for future conversion, representing a potential additional capital infusion opportunity for the company.

Impact on Share Capital

The warrant conversion has resulted in a measurable increase in the company's paid-up equity share capital. The allotment expanded the equity base and strengthened the company's capital structure.

The newly allotted equity shares will rank pari-passu with existing equity shares in all respects, including dividend rights. This ensures equal treatment for all shareholders and maintains the uniform nature of the company's equity structure.

Regulatory Compliance

Candour Techtex Limited has fulfilled all regulatory requirements associated with the warrant conversion process. The company disclosed the transaction under Regulation 30 of the SEBI Listing Regulations, 2015, ensuring transparency for stakeholders. The Board meeting was concluded at 5:30 PM IST on December 12, 2025, with all necessary approvals obtained for the allotment process.

Candour Techtex Limited , a textile engineering company, has announced a significant capital raise of INR 198 crore through warrants and preferential allotment. This move aims to support the company's expansion plans in the technical textiles sector.

Key Highlights of the Capital Raise

Expansion Plans

Candour Techtex has outlined ambitious expansion plans for its technical textiles business:

• Coating Capacity: Increase from 3.8 million meters to 9.5 million meters by FY28
• Lamination Capacity: Expand from 6 million to 15 million meters annually

Recent Orders

The company has secured significant orders, demonstrating its strong market position:

• INR 20 crore order from Faze Three
• INR 29 crore order from ASK Apparels

Use of Funds

While specific details on the use of funds were not provided, the capital raise is expected to support the company's expansion plans and strengthen its position in the technical textiles market.

Investors and market watchers will likely monitor how Candour Techtex utilizes this capital infusion to achieve its growth objectives in the coming years.