Windsor Machines Converts 7 Lakh Warrants to Shares, Raises ₹10.07 Cr
Windsor Machines Limited converted 7,00,000 equity warrants into shares, raising ₹10.07 Crore. The conversion price was ₹191.85 per share. This increases the company's paid-up equity share capital to ₹17,70,44,402, comprising 8,85,22,201 shares. Promoter group member Mr. Rameshbhai Keshubhai Siyani is the allottee.
The conversion of warrants and the associated fundraising, while positive, represents a partial conversion and does not represent a significant change in the company's overall capital structure or business operations, hence the medium impact.
The conversion of warrants and the subsequent increase in paid-up capital and shareholding positively impacts the company's financial structure and promoter's commitment.
Windsor Machines Limited has announced the conversion of 7,00,000 equity warrants into an equal number of equity shares. This conversion was approved by the Board of Directors through a circular resolution passed on March 27, 2026.
The conversion price for each share is ₹191.85, which includes a premium of ₹189.85 per share. The company received an aggregate amount of ₹10,07,21,250 (₹10.07 Crore) from the allottee, Mr. Rameshbhai Keshubhai Siyani (Promoter Group), representing 75% of the issue price per warrant, amounting to ₹143.88 per warrant.
Following this conversion, the company's Issued, Subscribed, and Paid-up Equity Share Capital has increased from ₹17,56,44,402 to ₹17,70,44,402. This translates to an increase in the total number of fully paid-up equity shares from 8,78,22,201 to 8,85,22,201, each with a face value of ₹2.
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 receiving the necessary approvals. The original warrants were allotted on January 09, 2025. Mr. Rameshbhai Keshubhai Siyani's shareholding has increased from 52,12,405 shares (5.98%) to 59,12,405 shares (6.68%) post-allotment.
Additionally, 1,49,37,216 warrants remain eligible for conversion within 18 months from the date of their allotment.
What to do with a filing like this
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.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Windsor Machines Limited. Read the original for the full detail.