Windsor Machines Converts 27.8 Lakh Warrants to Shares, Raises ₹40 Crore
Windsor Machines Limited approved the conversion of 27,80,000 equity warrants into equity shares on April 13, 2026. This preferential allotment to Mr. Rameshbhai Keshubhai Siyani raised ₹40.00 crore. The conversion increases the company's paid-up capital to ₹18.26 crore.
The conversion involves a significant amount of funds and impacts the company's capital structure and shareholding pattern, which can have a medium-term effect on the stock.
The conversion of warrants into equity shares and the subsequent fundraising are positive developments for the company, indicating increased capital and potential for growth.
Windsor Machines Limited has announced the conversion of 27,80,000 equity warrants into equity shares. This conversion was approved by the Board of Directors via a circular resolution passed on April 13, 2026.
The conversion is on a preferential basis to a promoter group category individual, Mr. Rameshbhai Keshubhai Siyani. The issue price for each equity share is ₹191.85, including a premium of ₹189.85. The company received an aggregate amount of ₹40,00,07,250, which represents 75% of the issue price per warrant, at a rate of ₹143.88 per warrant.
Following this conversion, the company's issued, subscribed, and paid-up equity share capital has increased from ₹17,70,44,402 (8,85,22,201 shares of ₹2 each) to ₹18,26,04,402 (9,13,02,201 shares of ₹2 each). The newly allotted equity shares will rank pari-passu with the existing shares and will be listed on the BSE Limited and National Stock Exchange of India Limited upon approval.
Mr. Rameshbhai Keshubhai Siyani held 45,12,405 warrants prior to this conversion and applied for 27,80,000 warrants for conversion. After the conversion, 17,32,405 warrants remain pending for conversion. The pre-issue shareholding of Mr. Siyani was 59,12,405 shares (6.68% of paid-up capital), which will increase to 86,92,405 shares (9.52% of paid-up capital) post-issue.
These equity warrants were initially allotted on January 09, 2025. The remaining 1,21,57,216 warrants are eligible for conversion within 18 months from the allotment date.
What to do with a filing like this
Windsor Machines Limited filed this with the NSE as a statutory disclosure, categorised under preferential allotment. 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.