February 22, 2025 – Som Distilleries and Breweries Limited (NSE: SDBL, BSE: 507514) has announced the allotment of 24,28,040 equity shares upon converting convertible equity warrants, strengthening the company's capital structure.
Key Details of the Allotment:
- Total Equity Shares Allotted: 24,28,040 shares (Face Value: ₹2 each)
- Conversion Price: ₹110 per share
- Total Capital Raised: ₹20.03 crore
- Promoters Participating in Conversion:
- Jagdish Kumar Arora (Promoter) – ₹17.65 crore investment
- Deepak Arora (Promoter) – ₹2.37 crore investment
- Remaining Warrants for Conversion:
- 7,50,000 warrants (convertible into equity shares) are still pending for non-promoter warrant holders.
Impact on Share Capital:
- New Issued, Subscribed & Paid-up Capital: ₹41,18,02,624
- Total Equity Shares Outstanding Post-Allotment: 20,59,01,312 shares