Ratnaveer Precision Engineering Approves Audited FY26 Results & Allots Equity Shares on Warrant Conversion
Ratnaveer Precision Engineering approved audited financial results for Q4 and FY26 ended March 31, 2026. The company also approved the allotment of 34,31,446 equity shares upon warrant conversion at ₹159.25 per share, raising ₹40.98 crore. The issued share capital increased to ₹71.43 crore.
The allotment of equity shares and approval of financial results are material events for the company, potentially impacting its capital structure and investor perception.
The company reported audited financial results and approved the allotment of equity shares upon warrant conversion, which is a positive development indicating capital infusion and growth.
Ratnaveer Precision Engineering Limited announced the outcome of its Board Meeting held on May 12th, 2026. The Board approved the audited financial results for the 4th quarter and the financial year ended March 31st, 2026, along with the auditors' report.
Additionally, the Board approved the allotment of 25,15,723 equity shares to Mr. Vijay Sanghvi and 9,15,723 equity shares to Mrs. Seema Sanghvi upon the conversion of warrants. This conversion involves 34,31,446 warrants into an equal number of equity shares at an issue price of ₹159.25 per share, including a premium of ₹149.25. The company received ₹40,98,43,332 as the remaining 75% of the issue price per warrant. Following this conversion, the company's issued, subscribed, and paid-up equity share capital has increased to ₹71,42,66,810, comprising 7,14,26,681 equity shares of ₹10 each. The newly allotted shares will rank pari-passu with the existing equity shares.
The Board Meeting commenced at 3:00 PM IST and concluded at 5:30 PM IST.
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Ratnaveer Precision Engineering Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. 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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