Shish Industries Cancels 672,914 Warrants, Forfeits ₹2.02 Crore Subscription Money

Shish Industries Limited , a company listed on the BSE, has announced a significant corporate action involving the cancellation of warrants and forfeiture of subscription money. The decision, made by the company's Board of Directors, comes in response to non-payment issues related to previously issued warrants.

Key Details of the Warrant Cancellation

Aspect	Details
Number of Warrants Cancelled	672,914
Original Allotment Date	May 10, 2024
Reason for Cancellation	Non-payment of balance amount within stipulated period
Amount Forfeited	₹2,02,21,065.70
Nature of Forfeited Amount	Upfront warrant subscription money

Board Meeting and Decision

The Board of Directors of Shish Industries Limited convened a meeting on November 10, 2025, to address the issue of unpaid warrants. The meeting, which began at 6:00 PM and concluded at 6:30 PM, resulted in two key decisions:

Approval of the cancellation of 672,914 warrants convertible into equity shares.
Forfeiture of the upfront warrant subscription money amounting to ₹2,02,21,065.70.

Implications of the Decision

As a result of this corporate action:

The cancelled warrants will no longer be eligible for conversion into equity shares of the company.
The forfeited amount of ₹2.02 crore will be retained by the company, in accordance with the terms of issue of the said warrants.

Regulatory Compliance

Shish Industries Limited has made this announcement in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed the BSE Limited of this development, maintaining transparency with its stakeholders and regulatory bodies.

This corporate action underscores the importance of timely payments in warrant conversions and highlights the potential consequences for investors who fail to meet the stipulated payment schedules. It also demonstrates the company's adherence to regulatory requirements and its commitment to maintaining clear communication with the stock exchange and its shareholders.

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%

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.