Choice International has allotted 79,87,667 equity shares following the conversion of warrants, raising INR 179,72,25,075. This allotment, made on December 05, 2025, increases the company’s paid-up equity share capital to INR 222,77,65,000, comprising 22,27,76,500 equity shares. The beneficiaries of the warrant conversion were Plutus Wealth Management LLP and Soansrishti Properties Private Limited.
Equity Share Allotment Details
On December 05, 2025, Choice International’s committee approved the allotment of 79,87,667 equity shares, each with a face value of INR 10, upon the exercise of outstanding warrants. This followed an earlier intimation dated June 06, 2024 regarding the initial warrant allotment.
Breakdown of Allotment
The equity shares were allotted upon receiving the balance 75% of the consideration amount, totaling INR 179,72,25,075. The specific allocation is as follows:
- 66,66,667 Equity Shares to M/s. Plutus Wealth Management LLP for INR 150,00,00,075.
- 13,21,000 Equity Shares to M/s. Soansrishti Properties Private Limited for INR 29,72,25,000.
Impact on Share Capital
Following the allotment, the company’s paid-up equity share capital has increased to INR 222,77,65,000, divided into 22,27,76,500 Equity Shares with a face value of INR 10 each. All previously issued warrants, totaling 2,31,21,000, have now been fully converted.
Updated Shareholding Pattern
The shareholding pattern has been adjusted to reflect the new allotment.
Shareholding Before Allotment
- M/s. Plutus Wealth Management LLP: 1,33,33,333 shares (6.21%)
Shareholding After Allotment
- M/s. Plutus Wealth Management LLP: 2,00,00,000 shares (8.98%)
- Soansrishti Properties Private Limited: 31,21,000 shares (1.40%)
Source: BSE