Marble City India Limited Converts 6,45,101 Warrants into Equity Shares, Raises Rs. 82.25 Lakh
Marble City India Limited converted 6,45,101 warrants into equity shares at Rs. 17.00 each on March 03, 2026, raising Rs. 82,25,000 from promoters. The conversion increased the company's paid-up capital to Rs. 12,75,75,540 with 2,55,15,108 total equity shares. Promoters Saket Dalmia and Amit Dalmia participated in this preferential allotment, with their combined shareholding increasing significantly following the warrant exercise.

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Marble City India Limited has successfully converted 6,45,101 warrants into an equal number of equity shares, marking a significant capital expansion for the company. The Board of Directors approved this conversion during their meeting held on March 03, 2026, which commenced at 05:00 P.M. and concluded at 5:30 P.M.
Warrant Conversion Details
The conversion involved 6,45,101 warrants being transformed 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 totaling Rs. 82,25,000 from the allottees at the rate of Rs. 12.75 per warrant, representing 75% of the issue price per warrant.
| Parameter: | Details |
|---|---|
| Total Warrants Converted: | 6,45,101 |
| Issue Price per Share: | Rs. 17.00 |
| Premium per Share: | Rs. 12.00 |
| Balance Amount Received: | Rs. 82,25,000 |
| Rate per Warrant: | Rs. 12.75 |
Promoter Participation
The conversion was executed on a preferential basis to promoters category. Two key promoters participated in this warrant conversion exercise:
| Allottee Name: | Warrants Converted | Equity Shares Allotted | Amount Received |
|---|---|---|---|
| Saket Dalmia: | 2,44,119 | 2,44,119 | Rs. 31,12,517 |
| Amit Dalmia: | 4,00,982 | 4,00,982 | Rs. 51,12,520 |
Impact on Share Capital
Following the warrant conversion, Marble City India Limited's capital structure has been strengthened significantly. The company's issued and paid-up capital now stands at Rs. 12,75,75,540, comprising 2,55,15,108 equity shares of Rs. 5.00 each. The newly allotted equity shares will rank pari-passu with the existing equity shares of the company.
Shareholding Changes
The conversion has resulted in changes to the promoters' shareholding positions:
| Promoter: | Pre-Issue Holdings | Shares Allotted | Post-Issue Holdings |
|---|---|---|---|
| Saket Dalmia: | 11,38,101 | 2,44,119 | 13,82,220 |
| Amit Dalmia: | 9,81,238 | 4,00,982 | 13,82,220 |
Background and Compliance
The warrants were originally allotted on September 10, 2024, carrying the right to subscribe to one equity share per warrant. The conversion process was conducted in accordance with the provisions of SEBI (ICDR) Regulations, 2018, and under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The exercise represents the completion of the warrant conversion process, with no warrants remaining pending for conversion from the participating promoters.
Historical Stock Returns for Marble City
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.39% | -6.70% | -34.48% | -39.72% | -21.83% | +667.48% |






























