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.

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.

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%.

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.

Rudra Ecovation Limited has completed the allotment of 16,90,000 equity shares upon conversion of warrants, as approved by the Board of Directors in their meeting held on January 08, 2026. The conversion represents a significant milestone in the company's capital expansion strategy, with the Board meeting conducted at the corporate office from 11:30 AM to 11:50 AM.

Warrant Conversion Details

The Board approved the allotment of equity shares at an issue price of ₹48.00 per share, including a premium of ₹47.00 each. The pricing was determined in accordance with the guidelines prescribed under Chapter V of the SEBI ICDR Regulations. The conversion follows the original allotment of 2,07,65,000 convertible warrants dated July 11, 2024.

Allottee Distribution

The equity shares were allotted to two investors from both promoter and non-promoter categories. Vinayak International, classified as a non-promoter, received the majority allocation of 11,30,000 shares, while Shiva Spinfab Private Limited, a promoter entity, received 5,60,000 shares.

Impact on Share Capital

Following the warrant conversion, the company's paid-up equity share capital has increased substantially. The capital base has expanded from ₹11.44 crores to ₹11.61 crores, representing the issuance of additional equity shares that will rank pari-passu with existing shares in all respects.

Shareholding Changes

The conversion has resulted in notable changes to the shareholding pattern of the allottees. Vinayak International's stake in the company has increased from 1.55% to 2.50%, while Shiva Spinfab Private Limited's holding has grown from 1.09% to 1.56%.

Regulatory Compliance

The allotment was conducted as a preferential issue under Regulation 30 of the SEBI LODR Regulations. The allotted equity shares will be issued in dematerialized form and carry the same rights and privileges as existing equity shares. The company has fulfilled all regulatory requirements and informed BSE Limited about the conversion, maintaining full compliance with SEBI guidelines for preferential allotment processes.