Granules India Limited has approved the allotment of 2,49,82,906 fully paid-up equity shares. These shares, with a face value of Re. 1/- each, were issued at an exercise price of Rs. 585/- per share upon conversion of warrants. This issuance results in a substantial increase in the company’s paid-up equity share capital, amounting to approximately Rs. 1,461.50 crores in total consideration from warrant conversions.
Granules India Allots Over 2.49 Crore Equity Shares
Granules India Limited announced today, September 16, 2026, the approval and subsequent allotment of 2,49,82,906 fully paid-up equity shares. These shares, each with a face value of Re. 1/-, were issued pursuant to the exercise of rights for conversion of outstanding warrants into equity shares. The allotment was approved by the Share Transfer and Stakeholders Relationship Committee of the Board of Directors.
Financial Impact of Allotment
The issuance of these equity shares was made upon receipt of the balance 75% of the subscription amount for the warrants. The total consideration received for the conversion of these warrants amounts to approximately Rs. 1,461.50 Crores, with 25% of the consideration having been paid at the time of warrant allotment and the remaining 75% paid upon conversion. This allotment has consequently increased the company’s paid-up equity share capital from Rs.24,77,96,921 to approximately Rs.27,27,79,827. Following this, 17,094 warrants issued to non-promoter investors remain outstanding for conversion.
Details of Allotted Securities
The equity shares were issued as part of a preferential allotment on a private placement basis, in accordance with Chapter V of the SEBI ICDR Regulations. The issue price for each share was Rs. 585/-. The allotment included equity shares to members of the Promoter Group investor category, with specific details provided in Annexure I (A) of the disclosure. Four investors were involved in this conversion.
Source: BSE
