Almondz Global Securities Approves Preferential Allotment of 1.63 Cr Equity Shares
Almondz Global Securities approved a preferential allotment of 1.63 crore equity shares to promoter Avonmore Capital & Management Services Limited. The allotment, valued at ₹25 crore, will convert existing unsecured loans into equity. Shares will rank pari passu and be subject to lock-in.
The preferential allotment of ₹25 crore in equity is a significant capital raising event for the company, impacting its balance sheet and ownership structure. This could lead to improved financial ratios and operational capacity.
The preferential allotment of equity shares to a promoter, converting unsecured loans into equity, strengthens the company's capital structure and potentially reduces debt, which is viewed positively.
Almondz Global Securities Limited announced today, July 24, 2026, that its Committee For Further Issue of Shares has approved the allotment of equity shares on a preferential basis. This allotment involves the conversion of existing unsecured loans into equity shares.
The proposed allottee is Avonmore Capital & Management Services Limited, a promoter of the company. A maximum of 16,318,538 equity shares, each with a face value of ₹1, will be allotted at an issue price of ₹15.32 per equity share, including a premium of ₹14.32 per share. The total consideration for this preferential issue amounts to ₹25,00,00,000 (25 crore rupees). The consideration is in the form of conversion of existing unsecured loan into equity shares, which is a non-cash transaction.
These newly allotted equity shares will be subject to a lock-in period as per SEBI (ICDR) Regulations, 2018, and will rank pari passu in all respects with the existing equity shares of the company.
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Almondz Global Securities Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Almondz Global Securities Limited. Read the original for the full detail.