Indian Link Chain Manufactures Limited (ILCML) has successfully raised ₹10.83 crore through a preferential allotment of equity shares and convertible warrants to non-promoter investors. The company's Allotment Committee approved the issuance in a meeting held on September 17, 2025.

Equity Share Allotment

ILCML allotted 2,00,000 equity shares at ₹71.00 per share to Atul Chauhan (HUF) in the non-promoter category, raising ₹1.42 crore. The shares, with a face value of ₹10.00 each, were issued at a premium of ₹61.00 per share. This allotment has increased the company's paid-up share capital from ₹2.48 crore to ₹2.68 crore.

Convertible Warrants Issuance

In addition to the equity shares, the company allotted 53,00,000 convertible warrants at ₹71.00 per warrant to eight non-promoter investors. The total value of these warrants amounts to ₹37.63 crore. ILCML has received 25% of the warrant issue price, totaling ₹9.41 crore.

Major Warrant Allottees

The significant warrant allottees include:

Other allottees include Atul Chauhan HUF, Sachin Shetty, Rizwana Nagarkar, Mahadev Karbhari Bangar, and Singhvi Heritage LLP.

Impact on Share Capital

Following this allotment, ILCML's issued and paid-up equity share capital has increased from ₹2,47,50,000 (24,75,000 equity shares) to ₹2,67,50,000 (26,75,000 equity shares), with each share having a face value of ₹10.00.

Pari-Passu Ranking

The newly allotted shares will rank pari-passu with the existing equity shares of the company in all respects.

This strategic move by Indian Link Chain Manufacturers Limited aims to strengthen its capital base and potentially fund future growth initiatives. The successful raising of funds through this preferential allotment demonstrates investor confidence in the company's prospects.

Indian Link Chain Manufactures has reported a significant increase in its net profit for the first quarter. The company's financial results, approved by its Board of Directors on August 13, reveal a robust performance despite challenges in its core operations.

Financial Highlights

Key Observations

1. Revenue Sources: The company's revenue from operations remained nil, with income primarily coming from other sources, totaling Rs 7.25 crore.

2. Expense Management: Despite the increase in total expenses, Indian Link Chain Manufactures managed to improve its profitability, indicating effective cost control measures.

3. Tax Implications: The company paid a current tax of Rs 0.92 crore during the quarter, impacting the net profit.

4. Business Focus: The company continues to operate in the trading of chains and chemicals, as stated in the notes to the financial results.

Financial Position

The company maintains a strong financial position with a paid-up equity share capital of Rs 50 crore. The unaudited financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors.

Management Commentary

Vishal Thakkar, Managing Director of Indian Link Chain Manufactures, signed off on the financial results. However, no specific management commentary was provided in the available data.

Auditor's Review

N K JALAN & CO., Chartered Accountants, conducted a limited review of the financial results. They stated that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and SEBI regulations.

Indian Link Chain Manufactures continues to navigate the challenging business environment, showing resilience in its financial performance. Investors and stakeholders will be keen to observe how the company leverages its current position to drive growth in its core operations in the coming quarters.

Note: All financial figures are in Indian Rupees (INR).