Granules India announced the approval of a significant preferential issue following a Board Committee meeting on February 23, 2026. The company allotted 2,50,00,000 Convertible Warrants to Promoter and Non-Promoter categories, convertible into equity shares within 18 months. Additionally, 51,28,205 fully paid-up equity shares were allotted to Non-Promoters at Rs. 585 per share, resulting in a total paid-up capital increase.
Approval of Preferential Securities Issuance
The Share Transfer and Stakeholders Relationship Committee of the Board of Directors of Granules India Limited, in its meeting held on February 23, 2026, formally approved the allotment of specified securities on a preferential basis.
Convertible Warrants Allotment Details
The committee sanctioned the allotment of 2,50,00,000 Fully Convertible Warrants to members of the Promoter group and Non-Promoter investor category. Key details of this allotment include:
- Each warrant is convertible into one fully paid-up equity share with a face value of Rs. 1/-.
- The warrants must be converted within a period of 18 months from the allotment date.
- The issue price per warrant was set at Rs. 585/-.
- An initial consideration equivalent to 25% (Rs. 365.625 crores) of the total consideration was received upon allotment.
- The allotment involved 05 (Five) Investors, including key members of the Promoter Group.
- In the event of failure to exercise, unexercised warrants will lapse, and the 25% consideration paid will be forfeited.
Allotment of Fully Paid-Up Equity Shares
Separately, the committee approved the allotment of 51,28,205 fully paid-up equity shares to the Non-Promoter investor category on a preferential basis.
- These shares were allotted at a price of Rs. 585/- per share.
- This allotment was made to 08 (Eight) Investors belonging to the Non-Promoter Group Category.
- The total value aggregated to Rs. 300 crores.
- The allotted equity shares will rank pari-passu with the existing equity shares of the Company.
Impact on Share Capital Post-Allotment
Consequent to these allotments, the paid-up equity share capital of the Company saw a significant increase:
- The basic paid-up capital increased from Rs. 24,26,68,716 to Rs. 24,77,96,921 (fully paid-up shares of Rs. 1/- each).
- On a diluted basis (assuming full warrant conversion), the capital increases to Rs. 27,27,96,921 (fully paid-up shares of Rs. 1/- each).
Source: BSE
