Rudra Ecovation Limited has completed the allotment of 10,50,000 equity shares through warrant conversion, marking a significant milestone in the company's capital structure enhancement. The Board of Directors approved this conversion during their meeting held on January 10, 2026, at 3:30 PM at the corporate office.

Warrant Conversion Details

The conversion involves warrants originally allotted on July 11, 2024, as part of the company's fundraising initiative. The key parameters of this conversion are structured as follows:

Investor Profile and Shareholding Impact

Dinesh Pareekh, classified as a non-promoter investor, is the sole recipient of this equity allotment. The conversion has resulted in a notable change in his shareholding pattern within the company:

This increase represents Dinesh Pareekh's enhanced stake in the company following the successful warrant exercise.

Capital Structure Enhancement

The warrant conversion has directly impacted Rudra Ecovation's capital structure, demonstrating the company's successful execution of its capital raising strategy. The paid-up equity share capital has increased from ₹11,82,78,000 to ₹11,93,28,000, comprising 11,93,28,000 equity shares of face value ₹1.00 each.

The newly allotted equity shares will be issued in dematerialized form and will rank pari-passu with existing equity shares in all respects. This ensures equal treatment and rights for all shareholders across the company's equity structure.

Regulatory Compliance and Documentation

The allotment process has been conducted in full compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive documentation including details required under SEBI circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015, and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

The Board meeting commenced at 3:30 PM and concluded at 4:00 PM, with the conversion representing the exercise of warrants from the original allotment of 2,07,65,000 convertible warrants made in July 2024. This successful conversion demonstrates investor confidence in the company's growth prospects and strategic direction.

Rudra Ecovation Limited has successfully completed the allotment of 10,50,000 equity shares to a non-promoter investor through warrant conversion, raising ₹3.78 crores for the company. The Board of Directors approved this transaction during their meeting held on January 10, 2026, at the company's corporate office.

Warrant Conversion Details

The allotment involved the conversion of warrants into equity shares at a predetermined issue price. The transaction parameters demonstrate the company's continued capital raising efforts through its existing warrant program.

Impact on Share Capital Structure

The warrant conversion has resulted in a significant change to the company's equity structure. The paid-up equity share capital increased from ₹11.83 crores to ₹11.93 crores, representing the addition of 10,50,000 new equity shares to the existing share base.

Shareholding Pattern Changes

The allotment has altered the shareholding pattern for the allottee, with Dinesh Pareekh's stake in the company increasing substantially. His shareholding percentage rose from 1.76% to 2.63% following the warrant conversion.

Regulatory Compliance and Share Characteristics

The allotment was conducted in accordance with Regulation 30 of the SEBI LODR Regulations and relevant SEBI circulars. The newly allotted equity shares will be issued in dematerialized form and will rank pari-passu with the existing equity shares of the company in all respects. This ensures that the new shareholders enjoy the same rights and privileges as existing equity holders.

The warrant conversion represents part of the company's broader capital raising initiative, with the original warrant allotment of 2,07,65,000 convertible warrants having been announced in July 2024. The successful conversion demonstrates investor confidence in the company's growth prospects and provides additional capital for business operations.