Novelix Pharmaceuticals Allots 10.74 Lakh Equity Shares Upon Warrant Conversion

1 min read     Updated on 24 Dec 2025, 06:30 PM
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Riya DScanX News Team
Overview

Trimurthi has allotted 10,74,000 equity shares at ₹20 per share upon conversion of warrants, raising ₹2.15 crores. The allotment was distributed among four investors, including one from the promoter group. This conversion increases the company's paid-up capital from ₹16.14 crores to ₹17.22 crores, representing a significant capital expansion for the pharmaceutical firm.

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*this image is generated using AI for illustrative purposes only.

Trimurthi has successfully allotted 10,74,000 equity shares upon conversion of warrants, marking a significant capital raising exercise for the pharmaceutical company. The board of directors approved this allotment during their meeting held on December 24, 2025, at the company's registered office in Hyderabad.

Share Allotment Details

The company allotted equity shares with the following specifications:

Parameter Details
Number of Shares 10,74,000 equity shares
Face Value ₹10.00 per share
Issue Price ₹20.00 per share
Premium ₹10.00 per share
Amount Raised ₹2,14,80,000.00

The shares were issued upon exercising the option available with warrant holders, who had previously paid ₹15.00 per warrant representing 75% of the issue price. These warrants were part of 1,50,00,000 warrants originally allotted on January 10, 2025, on a preferential basis.

Investor Allocation

The allotment was distributed among four strategic investors, comprising both promoter and non-promoter categories:

Investor Category Name Shares Allotted
Promoter Group Narahari Belide 1,00,000
Non-Promoter Chintalapati Sesha Sai Nikhil 4,92,000
Non-Promoter KS Swetha 3,82,000
Non-Promoter Palakurthi Rakesh 1,00,000

The allotment represents conversion of 10,74,000 warrants out of the total 1,50,00,000 warrants issued, with 61,91,000 warrants having been converted previously.

Impact on Share Capital

Following this allotment, the company's capital structure has been strengthened significantly:

Metric Before Allotment After Allotment
Paid-up Capital ₹16,14,10,000.00 ₹17,21,50,000.00
Number of Shares 1,61,41,000 1,72,15,000
Face Value per Share ₹10.00 ₹10.00

This represents an increase of ₹1,07,40,000 in the paid-up equity capital, reflecting the company's successful capital expansion through the warrant conversion mechanism.

Regulatory Compliance

The allotment was conducted in full compliance with regulatory requirements. The company had received in-principle approval from BSE Limited on December 31, 2024, and the original warrant issuance was approved through a special resolution passed by shareholders at an Extra-Ordinary General Meeting held on November 18, 2024. The disclosure has been made as per Regulation 30 of SEBI (LODR) Regulations, 2015, ensuring complete transparency in the capital raising process.

The recent allotment of 10.74 lakh equity shares at ₹20 each upon warrant conversion has raised ₹2.15 crores for Trimurthi. This move has increased the company's paid-up capital to ₹17.22 crores, further strengthening its financial position.

Historical Stock Returns for Trimurthi

1 Day5 Days1 Month6 Months1 Year5 Years
+0.84%-2.50%+8.23%+91.36%+121.42%+121.42%
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Novelix Pharmaceuticals Signs 5-Year Lab Lease Deal at Genome Valley

1 min read     Updated on 21 Dec 2025, 06:02 PM
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Reviewed by
Radhika SScanX News Team
Overview

Trimurthi has signed a lease deed with Neovantage Innovation Park Private Limited for 3,890 square feet of laboratory space in Genome Valley, Hyderabad. The 5-year lease, starting January 1, 2026, will cost ₹272,300 monthly with a 5% annual increase. This facility will serve as Trimurthi's research and development center for pharmaceutical and biotechnology initiatives. The company confirmed this is not a related party transaction and has informed BSE Limited as per SEBI regulations.

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*this image is generated using AI for illustrative purposes only.

Trimurthi (formerly Trimurthi Limited) has announced the execution of a lease deed for laboratory space to establish its research and development facility. The company informed BSE Limited about this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Lease Agreement Details

Trimurthi signed the lease deed with Neovantage Innovation Park Private Limited for laboratory space at the prestigious Genome Valley in Hyderabad, positioning the company in one of India's prominent biotechnology hubs.

Parameter Details
Lease Partner Neovantage Innovation Park Private Limited
Space Area 3,890 square feet
Location Genome Valley, Hyderabad
Lease Duration 5 years
Commencement Date January 1, 2026

Financial Terms and Structure

The lease agreement includes specific financial arrangements designed to accommodate long-term operations. The rental structure incorporates annual escalations to account for market dynamics over the lease period.

Financial Component Amount
Monthly Rent ₹272,300.00
Additional Charges Plus applicable taxes
Annual Increase 5% per year

Strategic Purpose and Operations

The leased facility will serve as the foundation for Trimurthi's research and development operations. The company plans to establish comprehensive R&D capabilities focusing on pharmaceutical and biotechnology research development, along with formulations.

The laboratory space will enable the company to:

  • Conduct pharmaceutical research and development activities
  • Pursue biotechnology research initiatives
  • Develop new formulations
  • Enhance its research capabilities in the pharmaceutical sector

Regulatory Compliance

Trimurthi confirmed that this lease arrangement does not constitute a related party transaction. The company stated that promoters, promoter groups, or group companies have no interest in Neovantage Innovation Park Private Limited, ensuring the transaction maintains arm's length principles.

The company has fulfilled its disclosure obligations under SEBI regulations and requested BSE Limited to disseminate this information through its website for investor awareness.

Historical Stock Returns for Trimurthi

1 Day5 Days1 Month6 Months1 Year5 Years
+0.84%-2.50%+8.23%+91.36%+121.42%+121.42%
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