Rudra Ecovation Allots 22.20 Lakh Equity Shares Upon Warrant Conversion
Rudra Ecovation Limited completed the allotment of 22.20 lakh equity shares to promoter Shiva Spinfab Private Limited upon warrant conversion at ₹48.00 per share on January 09, 2026. This increased the company's paid-up capital from ₹11.61 crores to ₹11.83 crores, while Shiva Spinfab's shareholding rose from 1.56% to 3.41%. The allotment was conducted under SEBI regulations with shares issued in dematerialized form.
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Rudra Ecovation Limited has successfully completed the allotment of 22.20 lakh equity shares upon conversion of warrants to promoter entity Shiva Spinfab Private Limited. The Board of Directors approved this significant corporate action in their meeting held on January 09, 2026, at 11:30 a.m. at the corporate office.
Allotment Details
The conversion involved 22.20 lakh equity shares of face value ₹1.00 each 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.
| Parameter: | Details |
|---|---|
| Number of Shares: | 22,20,000 |
| Face Value: | ₹1.00 per share |
| Issue Price: | ₹48.00 per share |
| Premium: | ₹47.00 per share |
| Total Amount: | ₹7.99 crores |
| Allottee: | Shiva Spinfab Private Limited |
| Category: | Promoter |
Impact on Share Capital
Following this allotment, the company's paid-up equity share capital has increased substantially. The capital structure transformation reflects the successful conversion of previously allotted warrants dated July 11, 2024.
| Capital Structure: | Before Allotment | After Allotment |
|---|---|---|
| Paid-up Capital: | ₹11.61 crores | ₹11.83 crores |
| Total Equity Shares: | 11,60,58,000 | 11,82,78,000 |
| Face Value per Share: | ₹1.00 | ₹1.00 |
Shareholding Pattern Changes
The warrant conversion has resulted in changes to the promoter shareholding pattern. Shiva Spinfab Private Limited's stake in the company has increased following this allotment.
| Shareholding Details: | Pre-Allotment | Post-Allotment |
|---|---|---|
| Shiva Spinfab Holdings: | 18,10,000 shares | 40,30,000 shares |
| Percentage Holding: | 1.56% | 3.41% |
Regulatory Compliance
The allotment was conducted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The equity shares have been allotted in dematerialized form and will rank pari-passu with existing equity shares of the company in all respects. The Board meeting commenced at 11:30 a.m. and concluded at 12:00 noon on January 09, 2026.
Company Background
Rudra Ecovation Limited, formerly known as Himachal Fibres Limited, operates with its registered office at Plot No. 43-44, Industrial Area, Barotiwala, Himachal Pradesh, and corporate office in Ludhiana, Punjab. The company secretary Nancy Singla signed the regulatory filing confirming the completion of this warrant conversion process.
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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