Clara Industries Limited (CIL) has made a significant move in its capital raising efforts by allotting 57.5 lakh fully convertible warrants at Rs 25 per warrant to both promoter/promoter group and non-promoter public category investors. This development, approved by the company's Fund raising committee on July 23, 2025, follows an earlier approval of 50 lakh equity shares on July 16, 2025.

Warrant Allotment Details

The allotment of warrants is structured as follows:

Key Points of the Allotment

• Conversion Rights: Each warrant is convertible into one equity share with a face value of Rs 10 within 18 months from the allotment date.
• Issue Price: The warrants were issued at Rs 25 per warrant.
• Initial Payment: The company has received Rs 3.59 crores as 25% of the issue price from the allottees, which amounts to Rs 6.25 per warrant.
• Promoter Group Allocation: The promoter group received a total of 52 lakh warrants, with Parry Kukreja and Nikhil Kukreja each receiving 25 lakh warrants.
• Public Investor Allocation: Non-promoter public investors were allotted a total of 5.5 lakh warrants.

Regulatory Compliance

The allotment has been made in accordance with the provisions of Chapter V of SEBI (ICDR) Regulations. The warrants will be subject to a lock-in period as specified by these regulations.

Financial Implications

Upon full conversion of these warrants, Clara Industries Limited stands to raise a total of Rs 14.38 crores (57.5 lakh warrants at Rs 25 each). This capital infusion could potentially strengthen the company's financial position and support its growth initiatives.

Management Statement

Parry Kukreja, Managing Director of Clara Industries Limited, signed off on the regulatory filing, indicating the company's commitment to transparency and compliance with SEBI regulations.

The allotment of these convertible warrants represents a strategic move by Clara Industries Limited to raise capital while offering both promoters and public investors the opportunity to increase their stake in the company. The success of this warrant issue and its eventual conversion into equity shares could have significant implications for the company's ownership structure and financial capabilities in the coming months.

Clara Industries Limited, a company listed on the Bombay Stock Exchange (BSE), has undergone a significant change in its shareholding structure following a preferential allotment of shares to two investment funds. The allotment, which took place on July 16, 2025, has resulted in a substantial increase in the company's equity share capital.

Key Highlights of the Share Allotment

• New Investors: Eminence Global Fund PCC Eubilia Capital Partners Fund I and North Star Opportunities Fund VCC-Bull Value Incorporated Vcc Sub-Fund have each acquired a 9.74% stake in Clara Industries.
• Shares Acquired: Each fund has been allotted 25,00,000 equity shares with a face value of Rs. 10.00 each.
• Increase in Share Capital: Clara Industries' equity share capital has expanded from Rs. 20,67,29,000.00 to Rs. 25,67,29,000.00.
• Total Shares: The number of outstanding shares has increased from 2,06,72,900 to 2,56,72,900.

Details of the Acquisition

The preferential allotment has significantly altered Clara Industries' shareholding pattern. Both acquiring entities have submitted disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Key points from these disclosures include:

1. Acquisition Mode: The shares were acquired through preferential allotment in accordance with Chapter V of SEBI ICDR Regulations.
2. Non-Promoter Status: Both Eminence Global Fund and North Star Opportunities Fund are not part of the promoter group.
3. Shareholding Post-Acquisition: Each fund now holds 25,00,000 shares, representing 9.74% of Clara Industries' total paid-up equity share capital.

Implications for Clara Industries

This preferential allotment marks a significant development for Clara Industries:

1. Capital Infusion: The company has received a substantial capital infusion, which could potentially be used for expansion, debt reduction, or other strategic initiatives.
2. Diversified Ownership: The entry of these institutional investors may bring new perspectives and potentially enhance the company's corporate governance.
3. Market Perception: Such investments by reputable funds could positively influence market perception of Clara Industries.

The preferential allotment and subsequent increase in share capital may have implications for Clara Industries' future growth strategies and market position. Investors and market analysts will likely be watching closely to see how the company utilizes this fresh capital infusion and whether it leads to any changes in the company's operational or strategic direction.

As Clara Industries navigates this new phase with expanded capital and new significant shareholders, stakeholders will be keen to observe any potential shifts in the company's performance or market standing in the coming months.