Marble City India Limited has completed the conversion of 4,70,587 warrants into an equal number of equity shares, marking a significant capital restructuring move. The Board of Directors approved this conversion on February 10, 2026, during a meeting that commenced at 01:00 P.M. and concluded at 01:40 P.M.

Warrant Conversion Details

The conversion involved 4,70,587 warrants being converted into equity shares at an issue price of Rs. 17.00 each, including a premium of Rs. 12.00 per share. The company received a balance amount aggregating to Rs. 59,99,985 from the allottees at the rate of Rs. 12.75 per warrant, representing 75% of the issue price per warrant.

Promoter Allotment Breakdown

The conversion was executed on a preferential basis to promoter category allottees. Two promoters participated in the warrant conversion process with varying levels of participation.

Impact on Share Capital

Following the warrant conversion, the company's capital structure has been significantly enhanced. The issued and paid-up capital now stands at Rs. 12,43,50,035, consisting of 2,48,70,007 equity shares of Rs. 5 each. The newly allotted equity shares rank pari-passu with the existing equity shares of the company.

Shareholding Changes

The conversion has resulted in changes to the promoters' equity holdings in the company.

Regulatory Compliance

The warrant conversion was conducted in accordance with the provisions of SEBI (ICDR) Regulations, 2018, and reported under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The original warrants were allotted on September 10, 2024, carrying the right to subscribe to one equity share per warrant.

The conversion process involved the receipt of the balance 75% of the issue price, as the initial 25% had been collected during the original warrant allotment. Both promoters still hold pending warrants that can be converted in future, with Saket Dalmia holding 2,44,119 pending warrants and Amit Dalmia holding 4,00,982 pending warrants.

Marble City India Limited announced the successful conversion of 7,84,312 warrants into equity shares following a board meeting held on January 30, 2026. The conversion represents a significant capital restructuring exercise that increases the company's equity base and strengthens its financial position.

Board Meeting Outcomes

The board of directors approved the allotment of 7,84,312 equity shares at an issue price of Rs. 17.00 each, including a premium of Rs. 12.00 per share. The conversion was executed on a preferential basis to promoters upon receipt of the balance amount aggregating to Rs. 99,99,978. The board meeting commenced at 05:00 P.M. and concluded at 05:30 P.M.

Allottee Details and Holdings

The conversion involved two promoters - Saket Dalmia and Amit Dalmia - who exercised their conversion rights for equal portions of the warrants. Both allottees converted 3,92,156 warrants each, with significant warrants remaining pending for future conversion.

Impact on Shareholding Structure

The conversion significantly altered the shareholding pattern of both promoters. Their equity holdings increased substantially following the warrant exercise, demonstrating continued commitment to the company's growth.

Capital Structure Enhancement

Consequent to the warrant conversion, the company's issued and paid-up capital increased to Rs. 12,19,97,100, consisting of 2,43,99,420 equity shares of Rs. 5.00 each. The newly allotted equity shares rank pari-passu with existing equity shares, ensuring equal rights and privileges for all shareholders.

Regulatory Compliance

The conversion was executed in accordance with SEBI (ICDR) Regulations, 2018, and reported under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The original warrants were allotted on September 10, 2024, with initial payment of Rs. 4.25 per warrant representing 25% of the issue price, while the current conversion involved payment of the remaining 75% at Rs. 12.75 per warrant.