Shish Industries Allots 24.34 Lakh Equity Shares Upon Warrant Conversion
Shish Industries Limited has allotted 24,34,100 equity shares at Re. 1 face value following the conversion of 2,43,410 warrants. The company received a balance payment of Rs. 2.19 crore. This allotment increased the paid-up equity share capital from Rs. 37.95 crore to Rs. 38.19 crore, with the total number of equity shares rising from 37,95,16,450 to 38,19,50,550. The allotment date was November 9, 2025, subject to payment realization.
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Shish Industries Limited has announced the allotment of 24.34 lakh equity shares following the conversion of warrants, as per a recent regulatory filing. This corporate action has resulted in an increase in the company's paid-up equity share capital.
Key Details of the Allotment
| Particulars | Details |
|---|---|
| Number of Equity Shares Allotted | 24,34,100 |
| Face Value per Share | Re. 1 |
| Number of Warrants Converted | 2,43,410 |
| Balance Payment Received | Rs. 2.19 crore |
| Date of Allotment | November 9, 2025 |
Impact on Share Capital
The allotment has led to a change in the company's paid-up equity share capital:
| Particulars | Before Allotment | After Allotment |
|---|---|---|
| Paid-up Equity Share Capital | Rs. 37.95 crore | Rs. 38.19 crore |
| Number of Equity Shares | 37,95,16,450 | 38,19,50,550 |
Additional Information
The company has specified that the allotment is subject to the realization of the consideration paid through RTGS/NEFT. The board of directors retains the right to withdraw the allotment if the payment is not realized, acting in the best interest of the company.
The board meeting for this allotment was held from 6:30 PM to 7:00 PM on the day of the announcement.
This corporate action aligns with Shish Industries' ongoing capital restructuring efforts and may have implications for its financial structure and future strategies. Investors and stakeholders are advised to monitor further announcements from the company for any additional details or developments related to this allotment.
Historical Stock Returns for Shish Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.29% | +4.57% | +3.64% | +12.32% | -12.65% | +1,004.71% |
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