Granules India Limited has announced the allotment of 2,49,82,906 equity shares to its promoter group on September 16, 2026. This allotment resulted from the conversion of warrants previously issued on a preferential basis. The acquisition of these shares increases the promoter group’s total holding in the company. This disclosure serves to update previous filings and reflects the current shareholding structure post-conversion.
Promoter Shareholding Enhancement
Granules India Limited has formally disclosed the allotment of a significant number of equity shares to its promoter group. A total of 2,49,82,906 equity shares were issued on September 16, 2026. This issuance was a direct consequence of the conversion of previously allotted warrants held by the promoter group.
Warrant Conversion Details
The warrants, initially allotted on a preferential basis on February 23, 2026, were converted into equity shares upon payment of the balance issue price. The announcement confirms that following this conversion, there are no outstanding warrants held by the acquirers. This transaction details the updated ownership structure for the promoters of Granules India Limited.
Disclosure Compliance
This disclosure has been made in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. It replaces a prior disclosure filed by Mrs Chigurupati Uma Devi on September 25, 2026, providing an updated and comprehensive view of the promoter’s holdings after the recent equity issuance.
Source: BSE
