NewsCorporate ActionsRudra Ecovation Allots 10.5 Lakh Equity Shares Upon Warrant Conversion for ₹3.78 CroresRudra Ecovation Allots 10.5 Lakh Equity Shares Upon Warrant Conversion for ₹3.78 Crores
Rudra Ecovation Limited completed the allotment of 10,50,000 equity shares to non-promoter Dinesh Pareekh through warrant conversion at ₹48.00 per share, raising ₹3.78 crores. The transaction increased the company's paid-up capital from ₹11.83 crores to ₹11.93 crores, while Dinesh Pareekh's shareholding rose from 1.76% to 2.63%. The newly issued shares will be in dematerialized form and rank pari-passu with existing equity shares.
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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.
| Parameter: | Details |
|---|---|
| Total Shares Allotted: | 10,50,000 equity shares |
| Issue Price: | ₹48.00 per share |
| Premium Component: | ₹47.00 per share |
| Face Value: | ₹1.00 per share |
| Total Proceeds: | ₹3.78 crores |
| Allottee: | Dinesh Pareekh (Non-Promoter) |
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.
| Capital Structure: | Before Allotment | After Allotment |
|---|---|---|
| Paid-up Capital: | ₹11,82,78,000 | ₹11,93,28,000 |
| Total Equity Shares: | 11,82,78,000 | 11,93,28,000 |
| Face Value per Share: | ₹1.00 | ₹1.00 |
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.
| Investor Details: | Pre-Allotment | Post-Allotment |
|---|---|---|
| Dinesh Pareekh Shares: | 20,83,000 | 31,33,000 |
| Shareholding Percentage: | 1.76% | 2.63% |
| Category: | Non-Promoter | Non-Promoter |
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.
Historical Stock Returns for Rudra Ecovation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.57% | +3.01% | -4.58% | -47.82% | -65.64% | +1,189.69% |
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