Choice International has allotted 33,33,333 equity shares following the conversion of warrants, as approved by the Securities Allotment Committee on November 12, 2025. These shares, with a face value of ₹10 each, were issued to warrant holders after receiving the balance consideration of ₹74.99 Crores. The equity shares rank equally with the existing shares of the company.
Warrant Conversion and Share Allotment
Choice International’s Securities Allotment Committee has successfully completed the allotment of 33,33,333 equity shares on November 12, 2025. This allotment follows the conversion of outstanding warrants and the receipt of ₹74.99 Crores in consideration. Each share has a face value of ₹10.
Background and Previous Intimations
This allotment is linked to a previous intimation dated June 6, 2024, regarding the allotment of 2,31,21,000 warrants at a price of ₹300 per warrant. These warrants were convertible into equity shares and were issued on a preferential basis. Further, on June 4, 2025, the company had already allotted 60,00,000 equity shares on conversion of warrants to Plutus Wealth Management LLP.
Impact on Share Capital
As a result of this allotment, the company’s paid-up equity share capital has increased to ₹208,98,88,330, comprising 20,89,88,833 equity shares at ₹10 each.
Details of Allotment
Following the recent allotment to M/s. Plutus Wealth Management LLP, the number of shares held by them has increased from 60,00,000 (2.92% holding) to 93,33,333, resulting in a 4.47% holding.
Remaining Warrants
After the current allotment, Plutus Wealth Management LLP has 1,06,66,667 warrants remaining. There are also 31,21,000 outstanding warrants held by other warrant holders. All outstanding warrants must be exercised within 18 months of the original allotment date of June 6, 2024.
Source: BSE
