Ratnaveer Precision Engineering Allots 12.47 Lakh Equity Shares, Issues 72.32 Lakh Warrants
Ratnaveer Precision Engineering approved the allotment of 12,47,772 equity shares at ₹148.27 each upon conversion of preference shares. The company also approved the allotment of 72,32,704 warrants to promoters at ₹159.25 each, convertible into equity shares within 18 months. This increases the paid-up capital to ₹67.99 crore.
The allotment of equity shares and warrants impacts the company's capital structure and shareholding pattern. While positive, the full impact depends on the future conversion of warrants and subsequent market performance.
The company has successfully completed the allotment of equity shares through conversion of preference shares and has also issued warrants to promoters, indicating positive corporate actions related to capital raising and strengthening promoter involvement.
Ratnaveer Precision Engineering Limited announced the outcome of its Board Meeting held on March 12, 2026. The Board approved the allotment of 12,47,772 equity shares of face value ₹10 each at an issue price of ₹148.27 per share upon the exercise of conversion of preference shares. This conversion was based on a request received on March 11, 2026.
Following this allotment, the company's paid-up equity share capital has increased to ₹67,99,52,350, comprising 6,79,95,235 equity shares of ₹10 each. A list of allottees for these shares is provided as Annexure A.
Additionally, the Board approved the allotment of 72,32,704 warrants on a preferential basis to promoters and the promoter group. Each warrant is convertible into one equity share of face value ₹10. The issue price for these warrants is ₹159.25 per warrant, including a premium of ₹149.25.
These warrants are to be converted into equity shares within 18 months from the allotment date, subject to the receipt of the remaining amount as per SEBI (ICDR) Regulations, 2018. Details regarding this preferential issue are enclosed as Annexure B and C. The Board meeting commenced at 03:00 p.m. IST and concluded at 04:30 p.m. IST.
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Ratnaveer Precision Engineering 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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