Windsor Machines Converts 1.04 Cr Warrants to Equity, Raises ₹150 Crore
Windsor Machines Limited converted 1,04,24,811 warrants into equity shares, raising ₹149.99 crore. The conversion price was ₹191.85 per share. This increases the company's equity share capital and total shares to 10,17,27,012. Mr. Vinit Dharamshibhai Bediya is the allottee. 17,32,405 warrants remain convertible.
The conversion of warrants and the infusion of capital will strengthen the company's financial position and potentially fund future growth initiatives, impacting its financial health and operational capacity.
The conversion of warrants into equity shares and the subsequent fundraising of approximately ₹150 crore is a positive development for the company, strengthening its capital base.
Windsor Machines Limited has announced the successful conversion of 1,04,24,811 warrants into equity shares, raising ₹149.99 crore (approximately ₹150 crore). This conversion, approved by the Board of Directors via circular resolution on June 18, 2026, was executed at an issue price of ₹191.85 per share, including a premium of ₹189.85.
The allotment was made to Mr. Vinit Dharamshibhai Bediya, who belongs to the Public Category, upon receipt of 75% of the issue price per warrant. Following this conversion, the company's issued, subscribed, and paid-up equity share capital has increased. The total number of equity shares has risen to 10,17,27,012, with a paid-up capital of ₹20.34 crore, from the previous 9,13,02,201 shares valued at ₹18.26 crore.
The newly issued equity shares will rank pari-passu with the existing shares and are subject to listing approval from BSE Limited and the National Stock Exchange of India Limited. In continuation of the warrant allotment dated January 09, 2025, the company has also noted that 17,32,405 warrants remain eligible for conversion within the next 18 months.
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Windsor Machines 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 Windsor Machines Limited. Read the original for the full detail.