Piccadily Agro Industries has allotted 6,36,942 equity shares upon the conversion of 6,36,942 warrants into fully paid-up equity shares for M/s Soon N Sure Holdings Limited. The board approved the allotment in a meeting held on September 24, 2025, which commenced at 11:50 AM and concluded at 12:50 PM.
Following the allotment, the issued and paid-up capital of the company has changed as detailed below:
| Particular | Before Allotment | After Allotment |
|---|---|---|
| Number of Shares | 9,78,60,769 | 9,84,97,711 |
| Value (Face Value of ₹10 each) | 97,86,07,690 | 98,49,77,110 |
The equity shares allotted will rank pari-passu with the existing equity shares of the Company in all respects, including the payment of dividend and voting rights.
The company issued 6,36,942 equity shares with a face value of ₹10 each, converted from 6,36,942 convertible warrants. The issue price for the convertible warrants was ₹785 per warrant.
The allotment of 6,36,942 equity shares, each with a face value of ₹10, was made fully paid up at a premium of ₹775, aggregating to ₹49.99 Crore. The consideration received from the allottee is 100% of the total consideration of 6,36,942 warrants, of which 25% of the consideration had been received from the respective allottees at the time of allotment of warrants pursuant to terms and conditions as set out in the offer letter.
| Sr. No. | Name of the Allottee | Category | No. of Warrants converted into Equity Shares | Total Amount Paid (including Premium) (Amount in ₹) |
|---|---|---|---|---|
| 1 | Soon-N-Sure Holdings Limited | Promoter | 6,36,942 | 49,99,99,470 |
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