ITCONS e-Solutions Allots 1 Lakh Equity Shares Upon Warrant Conversion for ₹53.25 Lakh
ITCONS e-Solutions Ltd allotted 1,00,000 equity shares on January 21, 2026, upon warrant conversion by Venumuddula Vivek Reddy for ₹53.25 lakh. The allotment increased the company's paid-up capital to ₹7.30 crores with 73.03 lakh total shares. The investor now holds a 1.37% stake, while 77.66 lakh warrants remain outstanding for conversion within the 18-month exercise period.
*this image is generated using AI for illustrative purposes only.
ITCONS e-Solutions Ltd has successfully allotted 1,00,000 fully paid-up equity shares following the conversion of warrants by an investor. The Board of Directors approved this allotment on January 21, 2026, marking another step in the company's capital expansion through its preferential warrant program.
Warrant Conversion Details
The allotment was made to Venumuddula Vivek Reddy, a public category investor, who converted his entire warrant holding. The conversion required payment of the remaining exercise price, representing 75% of the total warrant value.
| Parameter: | Details |
|---|---|
| Allottee Name: | Venumuddula Vivek Reddy |
| Category: | Public |
| Warrants Converted: | 1,00,000 |
| Exercise Price per Warrant: | ₹53.25 |
| Total Amount Received: | ₹53.25 lakh |
| Face Value per Share: | ₹10.00 |
Impact on Share Capital
The warrant conversion has resulted in an increase in the company's paid-up equity capital. The newly allotted shares rank pari passu with existing equity shares in all respects.
| Capital Structure: | Before Allotment | After Allotment |
|---|---|---|
| Paid-up Capital: | ₹7.20 crores | ₹7.30 crores |
| Total Equity Shares: | 72.03 lakh | 73.03 lakh |
| Face Value per Share: | ₹10.00 | ₹10.00 |
Outstanding Warrants Position
The company originally allotted 1,00,40,000 warrants on July 29, 2024. Following this latest conversion, a substantial number of warrants remain available for conversion.
| Warrant Status: | Number of Warrants |
|---|---|
| Total Warrants Allotted (July 29, 2024): | 1,00,40,000 |
| Warrants Converted (Till January 21, 2026): | 22,74,400 |
| Outstanding Warrants: | 77,65,600 |
Shareholding Impact
The conversion has resulted in Venumuddula Vivek Reddy acquiring a 1.37% stake in the company. Prior to this allotment, the investor held no equity shares in ITCONS e-Solutions.
| Investor Details: | Pre-Issue Holding | Post-Issue Holding |
|---|---|---|
| Number of Shares: | 0 | 1,00,000 |
| Percentage Holding: | 0% | 1.37% |
Warrant Exercise Timeline
The remaining 77.66 lakh warrant holders have 18 months from the original allotment date of July 29, 2024, to exercise their conversion rights. Each warrant can be converted into one equity share by paying the remaining 75% exercise price of ₹53.25 per warrant. The initial 25% payment of ₹17.75 per warrant was made during the original warrant allotment.
The Board meeting for this allotment was conducted from 4:30 PM to 5:00 PM on January 21, 2026, with Company Secretary and Compliance Officer Pooja Gupta signing the disclosure documents.
Historical Stock Returns for ITCONS E-Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.58% | -4.46% | -13.32% | -38.80% | -60.05% | +358.95% |
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