Rudra Ecovation Allots 22.20 Lakh Equity Shares Through Warrant Conversion
Rudra Ecovation Limited completed allotment of 22,20,000 equity shares to promoter Shiva Spinfab Private Limited through warrant conversion at ₹48.00 per share, raising ₹7.99 crores. The company's paid-up share capital increased from ₹11.61 crores to ₹11.83 crores, while Shiva Spinfab's shareholding rose from 1.56% to 3.41%. The allotment was approved by the Board on January 09, 2026, in compliance with SEBI regulations.
*this image is generated using AI for illustrative purposes only.
Rudra Ecovation Limited announced the successful allotment of 22,20,000 equity shares through warrant conversion on January 09, 2026. The Board of Directors approved this conversion during their meeting held at the corporate office, marking a significant capital raising exercise for the company.
Warrant Conversion Details
The allotment involved conversion of warrants at an issue price of ₹48.00 per share, including a premium of ₹47.00 each. The pricing was determined in accordance with SEBI ICDR Regulations guidelines under Chapter V.
| Parameter | Details |
|---|---|
| Total Shares Allotted | 22,20,000 |
| Issue Price per Share | ₹48.00 |
| Premium per Share | ₹47.00 |
| Face Value | ₹1.00 |
| Total Amount Raised | ₹7.99 crores |
| Allottee | Shiva Spinfab Private Limited |
| Category | Promoter |
Impact on Share Capital
The warrant conversion resulted in an increase in the company's paid-up equity share capital. The capital structure expanded from ₹11.61 crores to ₹11.83 crores, comprising 11,82,78,000 equity shares of face value ₹1.00 each.
| Metric | Before Allotment | After Allotment |
|---|---|---|
| Paid-up Capital | ₹11.61 crores | ₹11.83 crores |
| Total Equity Shares | 11,60,58,000 | 11,82,78,000 |
Shareholding Changes
Shiva Spinfab Private Limited's stake in Rudra Ecovation increased substantially following the warrant conversion. The promoter entity's shareholding percentage rose from 1.56% to 3.41%.
| Shareholding Details | Pre-Allotment | Post-Allotment |
|---|---|---|
| Number of Shares | 18,10,000 | 40,30,000 |
| Shareholding Percentage | 1.56% | 3.41% |
Regulatory Compliance
The allotment was conducted under Regulation 30 of SEBI LODR Regulations, with all necessary disclosures made to BSE Limited. The equity shares will be allotted in dematerialized form and will rank pari-passu with existing equity shares in all respects. The Board meeting commenced at 11:30 AM and concluded at 12:00 noon on January 09, 2026.
This warrant conversion represents the company's continued efforts to strengthen its capital base through strategic allotments to promoter entities, providing additional financial resources for business operations and growth initiatives.
Historical Stock Returns for Rudra Ecovation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.95% | -4.91% | -2.61% | -13.26% | -34.14% | 0.0% |
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