Novelix Pharmaceuticals Allots 10.74 Lakh Equity Shares Upon Warrant Conversion
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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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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.84% | -2.50% | +8.23% | +91.36% | +121.42% | +121.42% |



































