Sunita Tools Limited (STL) has successfully completed the conversion of 47,385 warrants into equity shares, raising Rs. 1.15 crore in the process. The company's board approved the allotment on October 30, 2025, marking a significant corporate action for the firm.

Warrant Conversion Details

The conversion of warrants into equity shares was executed at an issue price of Rs. 325.00 per share, which includes a premium of Rs. 315.00 each. This move has led to an increase in the company's paid-up equity capital, as detailed in the following table:

Allottee Details

The warrant conversion involved two allottees:

1. Shruti Sanjay Pandey (Promoter Group): 24,615 shares
2. Niranjan Ishwardas Sheth (Public Category): 22,770 shares

Financial Implications

The company received Rs. 1,15,50,093.75 as the balance 75% payment from the warrant holders. This amount represents the remaining portion of the total issue price, as the initial 25% was paid at the time of warrant issuance.

Historical Context

The warrants were originally issued on July 4, 2024, with a provision for conversion within 18 months from the date of allotment. The initial payment structure was as follows:

• 25% upfront payment: Rs. 81.25 per warrant
• 75% payment upon conversion: Rs. 243.75 per warrant

Regulatory Compliance

STL has adhered to the SEBI (ICDR) Regulations, 2018 throughout this process. The company had received in-principle approval from BSE Limited for this preferential allotment on June 20, 2024.

Current Status

Following this conversion, there are no outstanding warrants as of October 30, 2025. The newly allotted shares will rank pari-passu with the existing equity shares of the company.

This warrant conversion and subsequent equity infusion may potentially strengthen Sunita Tools Limited's financial position, providing additional capital for its operations or expansion plans.

Sunita Tools Limited , a leading manufacturer in the tools industry, has announced its unaudited standalone and consolidated financial results for the half year ended September 30, 2025, along with significant changes in its top management.

Financial Performance

The company's Board of Directors approved both standalone and consolidated financial results during its meeting. While specific financial metrics were not provided, the company has reported its results for the half-year period ending September 30, 2025.

Management Changes

Sunita Tools Limited announced significant changes to its top management:

1. Resignation of CFO: Mr. Satish Kumar Pandey has resigned from his position as Chief Financial Officer (CFO) of the company. His resignation is effective from October 28, 2025.

2. Appointment of New CFO: The board has appointed Mr. Ankit Shah as the new Chief Financial Officer, effective from October 28, 2025.

Mr. Shah brings a wealth of experience to his new role. He is a seasoned finance professional and CA finalist with 19 years of extensive experience in audit, taxation, financial reporting, and management accounting. A Bachelor of Commerce graduate from Mumbai University, Mr. Shah is expected to contribute his analytical mindset, strategic financial expertise, and leadership to his role as CFO.

Operational Update

Sunita Tools Limited reported that it has established a new plant in Faridabad during this period. This expansion may indicate the company's efforts to increase its production capacity and strengthen its market position.

As Sunita Tools Limited moves forward, the changes in financial leadership and recent operational expansion may shape its strategies and results in the coming periods.