Arihant Foundations & Housing Allots 2,45,000 Equity Shares Upon Conversion of Warrants May 09, 2026
Arihant Foundations & Housing Limited allotted 2,45,000 fully paid-up equity shares at Rs. 480/- per share, including a premium of Rs. 470/-, upon conversion of an equal number of warrants on May 09, 2026. The allotment was made to Mr. Kamal Lunawath (Promoter, 1,70,000 shares) and Mr. Pranay Marlecha (Non-Promoter, 75,000 shares) on a preferential basis. Following this allotment, the company's paid-up equity share capital rose from Rs. 9,96,56,240 to Rs. 10,21,06,240, comprising 1,02,10,624 equity shares of Rs. 10/- each. The shares were allotted in dematerialised form and rank pari-passu with existing equity shares.